Greenhalgh Bakery Shows Increase in Sales

NORTH WEST bakery chain Greenhalgh’s who has 60 shops across the North West and employs 900 people, said sales in the year to the end of January this year crept up from £23.6m to £23.9m. but higher material costs meant total operating costs rose by more than £500,000 to £24.1m, leading to a higher operating loss of £131,862 (£45,007 in 2011).

A further refund from administrators of collapsed Icelandic bank Kaupthing helped the family-owned company report a small pre-tax profit of £24,095, down from £38,603 in 2011. It has now been paid back  more than £4.1m from the administrators.  The company is owned by the Smart family and is run by Operations Director David Smart.