2019 accounts published
The Directors of Cafédirect plc are pleased to inform you that the 2019 Report & Financial Statements have been audited and filed at Companies House with the following highlights:
- Company Turnover at 31st December 2019 The Company achieved gross sales of £14m to the end of December 2019, an increase of £0.9m on 2018, a 7% increase.
- Profit on ordinary activities before taxation at the 31st December 2019 The Directors are pleased to report continued profitability on a full year basis, with a profit on ordinary activities before tax of £156k to the end of December 2019, as compared to 2018, when a profit of £171k occurred.
- Balance sheet & cash position as at 31st December 2019 The net assets of the Company at the end of December 2019 are £4m, £0.2m lower than at the end of 2018. Nevertheless the cash position is £550k, as compared to the end of 2018 when the cash position was £466k.
- Investment in grower communities £990k was invested in the growers & their communities via Fairtrade Premiums, Organic Premiums & its charitable foundation - Producers Direct. This is a 27% increase as compared with £782k in 2018.