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Update 19/03/2019

2018 accounts published

With the publication of the latest set of accounts up to 31st December 2018 the Board are delighted to report that Cafédirect earned a profit in 2018 of £218k (2017: £343k loss). This is the first year that the company has delivered a surplus since 2009 and demonstrates a notable trajectory in profit improvement from a low point for the business in 2015 where it recorded trading losses of £1.2m.

The company’s turnover for the year ended 31 December 2018 was £13.1m, which was a 1.9% increase compared with 2017.

Update: 02/10/2018

Cafédirect Trading Update

The Directors of Cafédirect plc are pleased to update you further to the AGM on the 27th June 2018 with an unaudited trading update as follows:

1. Gross Sales Revenue to the end of August 2018
The Company achieved gross sales of £7.973m to the end of August 2018, an increase of £0.488m on 2017, and a 6.5 % increase year to date

2. Profit before Tax to the end of August 2018
The Directors are delighted to report a return to profitability on a year to date basis, with a profit before tax of £36,000 to the end of August 2018, an improvement of £220,000 on 2017, when a loss of (£184,000) occurred.
The Company has passed its covenant tests each month with regard to gross sales value and net profit.

3. Balance sheet & cash position as at end of August 2018
Further to the successful refinancing of 2017 and the improvement trading performance to date the total assets of the Company at the end of August are £1.3m higher than the same point of time in 2017. Furthermore the cash position is £678k, an improvement of £1.436m as compared to the same point in time in 2017 when the cash position was (£758k).

Update: 12/07/2018

Cafédirect has become the first UK coffee producer to achieve certification as a B Corporation, cementing its reputation as the leading producer of sustainably sourced and Fairtrade coffee.

John Steel, CEO of Cafédirect, said: “We are very excited to be part of the B Corp movement. As a pioneer, it is our role to embrace approaches that drive businesses to behave better and enable consumers to make better choices."

All businesses certified as B Corps must meet the highest standards of verified social and environmental performance, public transparency and legal accountability, and aspire to use the power of markets to solve social and environmental problems. Over 2,000 businesses have joined the global B-Corporation community and research has shown that the B Corps who have re-certified in the UK have grown up to 28 times faster than UK GDP.

Kate Sandle, Head of Community at B Lab UK, added: “Cafédirect has always had social responsibility at its heart, and we are pleased that such a trailblazing company has chosen to join a global movement that’s reinventing business.

“The growth of the B Corp community in the UK and globally is testament that meaningful change is underway, with B Corp becoming ‘business as usual’.”

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