Independent greengrocer Stokes has bounced back into the black following a major restructure, according to results posted at Companies House.

In the year to 26 April 2008, Stokes, which is the UK's largest independent retailer of fruit and veg, made a profit of £430,000 after tax. The figure compared with a loss of £2.29m in the previous tax year.

That, however, had been partially attributed to redundancy costs and other losses associated with Stokes' previous restructuring of its business.

At £14.3m, turnover was down by more than £4m compared with the previous year. However, Stokes had reduced its operating costs and the amount owed to creditors, according to the accounts.

New initiatives to broaden its customer base included a store-wide hamper delivery scheme and the opening of two fruit and flower stalls at railway stations in Exeter and Bristol.