Newspaper article The Journal (Newcastle, England)

Lanchester Group Toast 20% Rise in Turnover; ACCOUNTS

Newspaper article The Journal (Newcastle, England)

Lanchester Group Toast 20% Rise in Turnover; ACCOUNTS

Article excerpt

Byline: COREENA FORD coreena.ford@ncjmedia.co.uk

LEADING wine bottler and distributor the Lanchester Group is toasting a 20% rise in sales, taking annual turnover to PS77m.

Five businesses make up the Lanchester group of companies spanning different areas of expertise within the UK wine sector and its supporting industries - Lanchester Wines, Greencroft Bottling Limited, Lanchester Gifts, Lanchester Energy and Lanchester Properties - and overall net profit at the group reached just over PS5m, placing the business on track to reach its target of near PS100m turnover in 2016.

Lanchester Wines incorporates Lanchester Wine Cellars, the group's wine importers, shippers and bonded warehouse keepers division and Lanchester Wine Sales, the group's wholesale of wine, beer, spirits and other alcoholic drinks to major customers.

The latest accounts for the year ended June 30 show Greencroft Bottling alone grow turnover by 25% to over PS40m, while over the last three years PS8m has been re-invested back into the company's renewable energy initiatives through Lanchester Energy. Each business within the Lanchester portfolio is designed to compliment the other businesses, to provide a vineyard to table wine service.

Meanwhile, Lanchester Energy, nominated as the flagship company for the Government's Energy Saving Opportunity Scheme (ESOS), provides renewable energy to power Lanchester's properties while Lanchester Gifts provides an additional route to market for Lanchester's wine products.

Tony Cleary, managing director of the Lanchester group of companies, said: "We understand business doesn't stand still and so we've invested heavily in leading-edge technology over the last 12 months to ensure we are the most modern business of our kind in Europe while maintaining our exceptional high quality of service.

"Two new bottling lines at our County Durham site mean we now have eight production lines consisting of five large and one medium bottle line enabling us to fill a range of size bottles including PET, and both TetraPak and bag-in-box lines. …

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