Good Farming Means Good Business
Riverford, the vegbox delivery company, has more than doubled its profits - bucking the decline in the organic market.
The company supplies customers across the North from Riverford on Home Farm at Newby Wiske, Northallerton, supported by several growers and producers in Yorkshire and the North East.
Results for April 2011-April 2012 show retail turnover growth of 6% to £41.8 million. Pre tax profits for the family owned business have more than doubled from £508,000 to £1.23 million. In contrast, 2011 organic food sales through multiple retailers saw a drop of 5%.
Peter Richardson, who farms at Riverford on Home Farm, said of the results: "We have always stuck to our guns, running an ethical business that looks after its suppliers and delivers organic produce fresh to our customers. This uncompromising stance on both ethics and quality is something that our customers appreciate; over half of our sales come from people who have been shopping with us for over five years. Their loyalty is invaluable to us and we keep growing and delivering them produce packed with flavour."
The organic range that the company delivers to over 40,000 customers each week from Home Farm and three other regional farms and its farm kitchen now includes vegetables, fruit, dairy products, meat, bread and a baked range. The Riverford homity pie from its new picnic range has just been awarded a Soil Association Organic Food Award.
Suppliers to the company were also winners in the Soil Association Awards - Acorn Dairy took the title of Best Organic Dairy while Piercebridge Farm won the organic eggs category. Both are based near Darlington.
Riverford has been growing organic vegetables for 25 years and inspiring customers to cook from scratch with an ever growing range of seasonal produce. A network of Riverford Cooks across the UK host cooking classes, dinners and lunches to share knowledge about how to feed their families well every day.
In 2011 the overall organic box scheme/home delivery and mail order market was worth £167M, up 7.2%.
Good Farming Means Good Business, 19th October 2012, 13:03 PM