A Cheshire farm that supplies major supermarkets and is owned by the Duke of Westminster, one of the richest people in the country, increased sales in 2020, new accounts revealed.
Grosvenor Farms, based near Aldford, had sales of £ 11.4 million in the 12 months ended December 31, 2020 compared to £ 10.6 million in the previous year.
However, the group’s pre-tax profit fell from £ 1.5 million to £ 825,000.
Grosvenor Farms produces milk and cereal grains and aims to become a net zero carbon operation by 2030.
It produces over 35 million liters of fresh milk annually – enough for half a million people a day – and grows 2,200 hectares of fodder and grain for food and feed production.
The company is owned by Hugh Grosvenor, the seventh Duke of Westminster, who, along with his family, has an estimated net worth of $ 10.045 billion.
A statement signed by the Board of Directors in the documents filed with Companies House states: “[The] The Covid-19 outbreak has caused widespread disruption to businesses and economic activities around the world.
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“During the Covid-19 pandemic, the company was able to work fully as usual.
“All employees were provided with the correct PPE and the space within the diary department enabled a safe working environment.
“The milk processor asked all of its milk suppliers to voluntarily reduce milk production for April and May 2020 by 3%.
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“This was achieved by adjusting the composition of the feed, so this reduction had no significant impact on the overall profit.
“The company did not have government support as it was not required for a small number of employees who were paid in full while in isolation.”
