ANM targets abattoirs
DESPITE the 47% overcapacity in British abattoirs, the business offers the greatest potential for company growth, according to Brian Pack, chief executive of the ANM Group based in Aberdeen.
"It is the meat trading side which offers us most scope for increased profits. We have spent £1m on restructuring the business in the past year and are now set for growth in both home and export markets," he claimed.
Scotch Premier, the meat business with plants at Inverurie and Edinburgh and sales managers in Italy and France, contributed £211,000 to group profits of £820,000. The core business, Aberdeen and Northern Marts, made £406,000.
Overall profit was well down on last years £1.4m, but Mr Pack said that was almost entirely due to the exceptional expenditure restructuring the meat business.
Total turnover was a record £232m. A dividend of 7.25% (the maximum permitted under the co-ops rules) is being recommended and £730,000 is being added to reserves. The total worth of the company stands at £13.4m.
Mr Pack also claimed that his marts commission rates were the lowest in the country at 2.75% for most stock, 2.5% for slaughter animals and 3% for farrow cows.
"As a co-operative with 8000 farmer members it is important that we serve them with the lowest possible costs for handling animals," he said.
Brian Pack, chief executive of the ANM Group based in Aberdeen, believes meat trading is the key to bigger profits.