Good value, health benefits, new export markets and strong brand loyalty are the secret ingredients behind Flahavan’s 28% surge in before tax profits to €2.1m last year.
Turnover at the Kilmacthomas based company increased by 5% to €16.6m for the year with exports to Britain, Russia and the United States accounting for over a quarter of sales.
Shareholder funds at the company, which was founded in 1798 and has been in the Flahavan family ever since, increased by 20% during the year and stand at €6.95 million. Cash reserves amount to €2.75m and the company has no bank debt.
The only significant liability on the horizon is the €2m BES funds due to be repaid in December 2013. Directors John and Mary Flahavan shared €925,086 in pay and pension contributions.
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Turnover at the Kilmacthomas based company increased by 5% to €16.6m for the year with exports to Britain, Russia and the United States accounting for over a quarter of sales.
Shareholder funds at the company, which was founded in 1798 and has been in the Flahavan family ever since, increased by 20% during the year and stand at €6.95 million. Cash reserves amount to €2.75m and the company has no bank debt.
The only significant liability on the horizon is the €2m BES funds due to be repaid in December 2013. Directors John and Mary Flahavan shared €925,086 in pay and pension contributions.
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