Medina Dairy made a pre-tax loss of £1.4m in the 78 weeks ending 27 October 2018, compared to a £2.6m profit in the 52 weeks to 29 April 2017, according to company accounts filed mid-month.
The business, which has a dedicated supply base of 156 farmers, has its head office in Windsor in Berkshire, but processing capacity in Hampshire and West Yorkshire.
It also uses Muller’s plant at Severnside to process 100m litres of fresh milk.
The loss is despite turnover of the business in the 78 weeks ending 27 October 2018 amounting to more than £244m.
The accounts include the period during which Medina took on a contract to supply Sainsbury’s stores in the south of England with liquid milk, which started in July 2017.
Wrexham-based Tomlinson’s Dairies, which went into administration last week, was awarded a contract from Sainsbury’s at the same time and commentators suggest that this deal is one of the factors behind Tomlinson’s failure.
The two accounting periods are not directly comparable because the company has changed its accounting reference date to bring it into line with its parent holding (Medina Holdings).
This means Medina Dairy’s financial accounting period was extended to 78 weeks to accommodate this.
Medina supplies liquid milk and dairy products to convenience stores, retailers, wholesalers and food service operators.