Predict your next investment

Simon Howie Butchers company logo
FOOD & BEVERAGES | Meat, Fish, Seafood & Alternative Proteins
thescottishbutcher.com

See what CB Insights has to offer

Stage

Grant | Alive

Total Raised

$270K

Last Raised

$270K | 4 yrs ago

About Simon Howie Butchers

Simon Howie Butchers is a butcher shop based in Perth, Scotland.

Simon Howie Butchers Headquarter Location

Findony Farm Muckhart Road, Dunning

Perth, Scotland, PH2 0RA,

United Kingdom

+44 01764 684 332

Latest Simon Howie Butchers News

Rising production costs hit Simon Howie Butchers’ profits

Sep 10, 2018

An increase in production costs has led to a “challenging year” for Scottish company Simon Howie Butchers. In financial reports filed last week, the business reported a drop in operating profit from £2.67m to £1.78m for the year ending 31 December. Its turnover did increase 2.6% year-on-year. As well as having shops in Perth and Auchterarder, the business provides meat products to most major supermarket chains, as well as Scottish hotels and restaurants. Director Simon Howie said the business had been hit by rising costs across the board but felt the financial position was healthy. ‘Raw material increases’​ “Sales growth was achieved, but raw material increases began to soak up the new contribution – the steady increase in labour costs, coupled with packaging and utility cost hikes, making the running of the business as challenging as ever.”​ He did add that these were “risks for the food industry generally”.​ During the year, the business invested £3m in new packaging and food processing equipment, as well as a 3,700m2​ new building. Howie said this investment was necessary to maintain its market position. “Our competitors continue to challenge us and, as such, we realise the need for constant improvement.​ ‘The company is profitable’​ “These results reflect that the company is profitable and is retaining profits to invest in operational improvements to maintain margins. Turnover increases with the marketing of new products.”​ Marks & Spencer also recently reported the impact of rising production costs ​​, with pre-tax profits dropping 62.1% over the 52 weeks to 31 March. Rising production costs have been heavily felt in the meat industry particularly, with British Meat Processors Association chief executive Nick Allen reporting that its members have seen costs rise of late, hitting margins. Copyright - Unless otherwise stated all contents of this web site are © 2018 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Simon Howie Butchers Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Simon Howie Butchers Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.