Moorhouse's back in the black
Burnley-based Moorhouse’s Brewery has registered its first profit in seven years.
With annual turnover remaining at a constant £4.5m, the brewer turned a pre-tax loss of £275,000 in 2018 into £37,000 pre-tax profit for this latest financial year.
The company is in year two of its turnaround plan which has seen a full rebrand of the business as well as a cost saving programme of initiatives, including working more closely with its supply chain, developing the product line and investing in new vehicles, IT systems and solar panels.
Moorhouse’s is led by Lee Williams who was appointed managing director in April 2017, who has also overseen major changes to the sales mix and improvements to customer service. The company has re-vamped its delivery function and opened up new distribution channels which has seen the brewery securing its first export order since 2016.
Prior to joining Moorhouse’s Lee worked in the beer drinks industry for nearly 25 years including senior roles at Thwaites Brewery and Marston’s PLC. His background has included sales and marketing as well as strategy and business development.
We are delighted the business is now back in profit, but this is just the start.
He said: “We are delighted the business is now back in profit, this has been a real team effort but this is just the start. Our focus is on building on these solid foundations to make Moorhouse’s as strong as possible. We have to continue this momentum and new product development alongside some new retail bars will be at the heart of how we create a sustainable future for the brand.
"The turnaround programme, which started back in the summer 2017, is starting to pay real dividends and much of its success is down to the efforts and dedication of the entire team. Along with all of the logistical and cost saving initiatives that have been brought in, we have also created an environment where the team can now play an active role in assuming responsibility for making the changes that were needed to turn the fortunes of the business around."
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