Nationwide Produce are hoping that next year will be a better year all round for them. The family owned grower and seller of vegetables and salad produce saw a hit in sales and profits during what they call a ‘glut year’.
The company, based in Southport was founded in 1975 by Bernard O’Malley, and is now run by his sons, and was this year listed in the International Track 200 – making Nationwide Produce one of the UK’s fastest exporters.
The ‘difficult year’ was compounded by the e.coli cucumber crisis in Germany, which led to a ‘catastrophic impact’ on the consumer confidence.
The financial results for the year to May 2012 had showed a ‘disappointing’ 17% fall in sales from £74.2m to £61.6m. The profits also took a hit and were down 12.3% to £703, 792, which has triggered a 30% reduction in dividends and a 43% cut in bonuses.
Anthony O’Malley, director of Nationwide Produce said “Prices and demand are already notably stronger than last year. Turnover for the first two months of this financial year (to July 26) is up 15.8%. Gross profit for the same period is up markedly by 35.2% on last year.”