A confectionery firm based in Sutton has announced increased turnover and profitability for the year ending 31st December 2012.
Turnover increased at Bonds Confectionery by 7.2 per cent year-on-year to £13.7 million with an increase of 10.8 per cent operating profit to £275,658 and EBITDA increase of 12 per cent to £487,223.
The company attributes its success to expanding the distribution of its re-launched Sweet Shop traditional bagged range, which has resulted in a growth of 23 per cent year on year, as well as the introduction of new products such as the chocolate honeycomb and retro classic bags in the second half of 2012.
The acquisition of a number of major accounts, including national retailers assisted the 2012 year with further additional retailers to be added in 2013.
Philip Courtenay–Luck, managing director of Bonds Confectionery, which is based on Fulwood Rise said: “We are delighted to see Bonds Confectionery continuing to experience growth particularly given that this was achieved during a challenging trading environment which saw above inflation price increases for raw materials.
“The past 12 months can be taken as proof that even with higher manufacturing costs and the difficult financial climate for consumers, that confectionery is still a growth sector.
“We have continued to experience strong sales by promoting our current lines and developing new products to keep our offering fresh, and we have a strong marketing agenda to support this.”
Bonds Confectionery supplies 6,000 independent and symbol group customers every month plus its growing multiple business.
There is substantial opportunity for Bonds Confectionery to grow further due to the network of 30 full time sales merchandisers, which the company invested £1 million in last year.
Bonds began making hand made sweets in 189, creating old fashioned jars and gift jars as well as traditional bags.