Buckfast report annual sales of £48m

Published by

Stephen Emerson

J Chandler & Company, the wine merchants behind Buckfast, has reported sales of £48.2million, resulting in pre-tax profits of £4.2million in the year to end of March.

Pre-tax profits at the Andover based firm behind the rich tonic wine, rose from £3.6million in the previous FY.

The firm reported a UK turnover of £47.6m, up from £45.7m in FY21. European sales fell to £536,733 from £577,288. After tax profit was £2.9.million

Director JC Joyce said: “The results for the year and the financial position at the year-end were considered satisfactory by the directors."

Those results permitted a dividend payout of £975,548. The directors statement described the outlook as challenging "not least due to inflationary pressures."

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.