Bottling and distribution company Lanchester Group increased its turnover by more than 20% in its 2015 financial year to £77m - and is this year targeting a £100m total.
The group, which comprises five companies providing different services to the UK wine industry, recorded net profits for the year, from July 2014 to June 2015, of just over £5m.
Lanchester’s largest division, Greencroft Bottling, grew revenues by 25% to £40m. The group has this year invested £8m in its renewable energy division, Lanchester Energy, enabling it to achieve ‘carbon minus’ status.
“We understand business doesn’t stand still and so we’ve invested heavily in leading edge technology over the last 12 months to ensure we are the most modern business of our kind in Europe while maintaining our exceptional high quality of service,” said group MD Tony Cleary.
“Two new bottling lines at our County Durham site mean we now have eight production lines enabling us to fill a range of pack sizes, including PET, Tetra Pak and bag-in-box lines. These lines, along with new state-of-the-art packing and labelling machines, mean we can produce upwards of 90,000 bottles of wine and spirits per hour while maintaining our 100% quality finished product record.
“We’ve also invested in additional bonded warehouse space, which will give Lanchester a total of 920,000 sq ft of class A bonded space and bonded storage while we have plans to build a new 250,000 sq ft bottling facility.”