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Birmingham Post
Birmingham Post
Business
Jon Robinson

Turnover surges at family-run M&S confectionery supplier

Turnover surged at a family-run business which sources confectionery and biscuits for the likes of M&S during its latest financial year.

J&K Confectionery, which is based in Skelmersdale, has reported a turnover of £26m for the 12 months to December 31, 2020, up from £18.9m.

Its pre-tax profits fell from £99,853 to £1,561 over the same period.

The company was founded by husband and wife team John and Kath Derbyshire in 2003.

A statement signed off by the board said: "There was a very healthy increase in turnover due to extra product categories opened up with current customers and the development of new customers in new retail markets.

"Profit before tax reduced by £98,000 due totally to the effect of confidence in the Pound Sterling with the Brexit agreement not being reached. Signs this year are very positive now Brexit is agreed.

"The company is continually looking for new products and manufacturing partners and feels that the innovative side of the business is very important to its long-term growth."

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