Lancaster Brewery has filed record pre-tax profits of £667,102 in 2017/2018 – up some 88% year-on-year – and has announced significant investment plans for 2019. This includes their tenanted pub, The Palatine, receiving considerable funding early in the year, while The Sun Hotel & Bar, The Duke of Edinburgh, and The Mill at Ulverston, will be given substantial investment as part of the company’s determination to continually evolve and improve all of its venues.
Lancaster Brewery’s record profits are being attributed to improvements made in the brewing plant over the past seven years – such as new cooling air systems, conditioning tanks, the SALSA (safe and local supplier approval) accreditation and a raft of other projects – that have led to consistent quality levels and resulted in boosted sales of its cask and bottled beer across the UK and overseas.
The group has continued its policy of investing around 80% of total profits into venue improvements, long term debt repayment and exploring new brand ventures.
Investment within the brewery during the past financial year included new brewing kit, new delivery vehicles and a significant increase in the cask population.
Large sums were also invested in developing the Brewery’s export market with new customers in Asia and Europe.
Director, Phil Simpson, said: “We’ve had another really good year in an increasingly competitive and complex market. We now employ around 130 dedicated individuals and together we have developed a positively robust and progressive company. Whilst we have seen record profits this year, we will put nearly all of that right back into the business, as we have done in previous years. Our aim has always been to be the best in terms of product and service, it’s worked quite well to date, so we’ll continue with our simple but impossible hunt for perfection.”
Matt Jackson, Co-Director, said: “The brewery has had another superb year. Our overall sales were up 11% and profit increased by over 30%, which is ultimately all down to the quality of our beer. We are blessed with a fantastic brewery and a fantastic team; from our brewers to the sales team, our delivery drivers and the management. Everyone is committed to making Lancaster Brewery something we can all be proud of and we genuinely believe that, in terms of beer quality and consistency, there are no better breweries in the North of England.”