CJ Lang sales fall on back of Martex sale
Scottish Spar wholesaler CJ Lang has recorded a fall in sales following the sale of its cash & carry division to Bestway.
Sales in the year to 30 April 2011 were down 6.8% to £239.2m. Pre-tax profits, however, rose from £4.9m to £5.5m in the same period.
The accounts, filed at Companies House, also revealed CJ Lang made £5.3m from the sale of Martex - its three cash & carries and foodservice operation - to Bestway’s Batleys division in November 2010. The accounts also disclosed CJ Lang paid £3.3m for AM Landsburgh’s 10 Spar stores in April 2011.
“Funds have been utilised to acquire a further 18 stores for our owned Spar store estate,” MD Scott Malcolm wrote.
