South West-based Parsons Bakery saw its sales rise by 31.9% and Ebitda grow by almost £800,000 in 2021 thanks to a new delivery offer.
The bakery, which has 48 stores across the South West and Wales, saw its sales grow from £10,725,938 in 2020 to £14,139,212 for the year ending 31 December 2021, while Ebitda rose from £1,437,465 to £2,212,373. The company said the results reflected “growth in the business and also financial support received in the form of government grants”.
Government support received was £24,078 compared with £874,353 in 2020. Turnover was up to £14,139,212 from £10,725,938 in 2020, while pre-tax profit rose from £1,109,742 to £1,700,944.
The company report said: “In what was a challenging year due to the covid pandemic, our people rose to the challenge of supplying fresh handmade bakery products every day to our 48 neighbourhood bakery shops.
“We invested in store refurbishments to enhance customers’ shopping experience and continued improving our in-store till and IT system.
“The company also opened additional new sales channels by using third-party delivery partners such as Deliveroo and UberEats, which proved to be a great success.”
For more information about Parsons, visit www.parsonsbakery.co.uk.
