DOCSLIB.ORG

Growth in Cathedral City Sales by Value

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Growth in Cathedral City Sales by Value PERFORMANCE CONTINUED product group grew by 19% to £39.3 million, Although nearly all of its sales are Cheese & whey resulting in a margin of 14.9% (2013: profit branded, Dairy Crest does supply cheese £33.1 million, margin 14.3%). to two premium retailers for their own label Total retail cheese market products. One of these customers, Marks £ million 2013/14 2012/13 sales remained unchanged in the year & Spencer, has awarded Dairy Crest sole Revenue 264.6 231.3 although volumes fell back by 3%. supply of its entire cheddar range from Product group profit 39.3 33.1 Cathedral City sales strongly outperformed April 2014. Margin 14.9% 14.3% the market, growing 12% by value and Dairy Crest’s Cheese operations are 9% by volume. As a result Cathedral City highly efficient and product group profits now has an 11% share of retail cheese, continue to be boosted by improved Share of the total retail up from 10% last year. Retailer own label efficiencies at all three of its manufacturing cheese market by value cheese sales account for nearly 55% of locations. Cathedral this sector. Cathedral City sales continue City comfortably to exceed the sales of the Demineralised whey powder project next three cheddar brands added together on track to grow future profits 11% and it is now Britain’s 18th largest grocery Profits have also been supported by brand (Source: The Grocer, March 2014). strong returns from whey. At present this is dried into powder and sold to food Other 89% Innovation driving Cathedral City’s manufacturers. Dairy Crest has initiated success a project to invest in the manufacture Source: IRI 52 weeks ended 29 March 2014 New product development remains key of demineralised whey powder, a base to the success of Cathedral City. Grated ingredient of infant formula. We plan Dairy Crest produces and markets mini-bags, spreadable cheese and to spend around £45 million on new the UK’s leading cheese brand, Selections have all widened the appeal manufacturing assets at Davidstow before Cathedral City, as well as the premium of the brand, as have new launches May 2015. We expect production of Davidstow cheddar brand. under the children’s brand, Cathedral City demineralised whey powder to commence The short supply chain starts with Chedds. For the first time we extended the in mid 2015. We anticipate that the milk from around 400 dairy farms in Cathedral City brand outside of cheese project will have a five year cash payback Cornwall and Devon. This is made into with Baked Bites – Cathedral City cheese and enhance annual Cheese and whey cheese at our Davidstow creamery in biscuits – which are manufactured by product group profits by over £5 million Cornwall. The cheese is then matured Burton’s Biscuit Company. Cathedral from 2015/16. We are in the process of for on average 11 months at our City also continues to lead the way with agreeing a contract with an exclusive purpose-built Nuneaton facility before innovative packaging and has recently customer who is already well established being cut packed and distributed responded to consumer demand by in the appropriate markets and who will to customers. We also operate a introducing new ‘easy-tear’ packaging provide technical advice as we move the highly flexible packing site in Frome, across its range. project forward. Somerset. The whey produced as a Advertising and promotions are also by-product of cheese making is also important and Dairy Crest has continued Looking forward – well positioned processed at Davidstow. to invest in Cathedral City’s award winning for growth Since the year end we have further advertising campaign. Looking forward our strong cheese brands simplified the business by selling our Alongside Cathedral City, Dairy Crest’s and efficient production facilities, together remaining 30% stake in Wexford Creamery premium cheddar brand, Davidstow, has with the exciting whey project, leave us Limited for €3.4 million. performed strongly in the year. Sales of well positioned to increase the already Reported revenue for the year ended 31 this brand, supported by new varieties strong returns from this product category. March 2014 grew by 14% to £264.6 million and improved packaging, have grown and profits from the Cheese and whey 3% by value. 12 % Growth in Cathedral City sales by value 18 Dairy Crest Annual Report 2014.
Load more

Recommended publications
  • Silks Bistro & Champagne Bar Menu
    Silks Bistro & Champagne Bar Menu A selection of breads from the basket Appetizers- Tapas Hummus served with Warmed Pitta £3.50 (v) Marinated Olives £3.75 (v) Chorizo with Roasted Shallots in a Red Wine Reduction £3.95 Shellfish Bisque Espresso with Shellfish Foam £4.25 Tempura of Seafood with Lemon & Sweet Chilli £6.50 3 Oysters Served on Crushed Ice & Red Wine Vinaigrette £8.50* Moules Mariniere Local Mussels cooked in Onions, Garlic & Lemon with a Splash of White Wine, Cream & Parsley (Moules available as Starter or Main Course) Starter: £7.95* Main: £14.50 Starters Homemade Soup of the Day £5.50 Goats Cheese Mousse with Pickled Blackberries and Brown Bread Crisps £5.95 Cayenne Floured Squid with Saffron Aioli & Fine Leaf £6.25 Ham Hock Terrine with Crispy Poached Egg, Straw Fries, Balsamic Reduction & Rocket £6.25 Newlyn Crab Cakes, Lemon & Sweet Chilli Mayonnaise £7.50 Seared Scallops with Pork Rillettes & a Smoked Carrot and Coral Puree £7.95* Silk’s Chicken Caesar Salad with Parmesan, Anchovy, Home Baked Croutons & Crispy Pancetta (Caesar Salads available as Starter or Main Course) Starter £7.50 Main £10.50 Vegetarian £6.50 Mains Roasted Vegetable, Tomato & Goat’s Cheese Linguini (v) £10.50 (Please ask us for other vegetarian or vegan options of the day) Chicken Supreme stuffed with Sage Mousse and wrapped in Serrano Ham, Fondant Potato & Buttered Chard £11.95 Battered Cod with Hand Cut Chips, Garden peas & Homemade Tartare Sauce £12.50 Trio of Pork Loin; Mushroom Rolled Pork Fillet, Braised Pork Daube & Crackling with Butternut
    [Show full text]
  • Beverages Alcoholic Drinks
    Home made Coleslaw £1.95 Boscastle Sauté Potatoes £2.95 or Marmalade Bowl of Olives £3.00 Two rounds with Trewithen butter and our own homemade Jam Garlic Bread with Davidstow Cheddar £3.50 TOAST £2.50 Garlic Bread £2.95 Extra Items with trewithan dairy natural yogurt HUGOS FRUIT & NUT GRANOLA £3.50 freshly baked bap. Extra item 70p each Raspberry Heaven £3.50 Our own farmhouse sausage or Cornish dry cured Bacon in a Pineapple Sunset £3.50 BACON/SAUSAGE BAP £3.75 Strawberry Delight £3.50 FRESH FRUIT SMOOTHIES free range eggs, sauteed Cornish potatoes and field mushrooms. Leek and Davidstow cheddar Rissoles, grilled vine tomatoes, Sam's CORNISH VEGETARIAN BREAKFAST £5.25 with Callestick Ice Cream. Chocolate, Strawberry and Vanilla, £3.50 Cornish potatoes and field mushrooms. MILKSHAKES bacon, grilled on the vine tomatoes, Sam's free range eggs, sautéed Our own farmhouse sausage, 2 rashers of Cornish dry cured CORNISH BREAKFAST £5.95 Non-alcoholic Ginger Beer £2.75 Orange & Lemon Sparkle £2.50 Breakfast - SERVED UNTIL 12.00 Coke/Diet Coke £1.70 Fresh Orange Juice £2.50 Glass of Milk £1.10 Cornish Orchard Lemonade £2.50 BEER from £3.20 per Bottle. Cornish Orchards Cranberry & Raspberry Sparkle £2.50 CORNISH CIDER, LAGER, ALE & GINGER A selection of Bottled Cornish Orchards Elderflower Presse £2.50 £11.95 Per Bottle or £4.00 Per Glass (175ml) Cornish Orchards Apple Juice £2.75 CORNISH HOUSE WHITE WINE Cornish Mineral Water. Still or Sparkling £1 60 CHILLED DRINKS £11.95 Per Bottle or £4.00 Per Glass (175ml) CORNISH HOUSE RED WINE Lemon Verberna £1.95 CAMEL PENOT NOIR SPARKLING ROSE £33.00 (Bottle Only) Peppermint £1.95 Earl Grey £1.95 flavours, perfect with for any occasion.
    [Show full text]
  • UK National Report (WP 2 - Deliverable 2.2)
    UK National report (WP 2 - Deliverable 2.2) Pictures: Inshore fishing boats, Cornwall & Dairy cow, Somerset Authors: Damian MAYE, James KIRWAN, Mauro VIGANI, Dilshaad BUNDHOO and Hannah CHISWELL Organisations April 2018 H2020-SFS-2014-2 SUFISA Grant agreement 635577 1 UK National report Contents EXECUTIVE SUMMARY ...................................................................................................... 12 1 Introduction and methods ........................................................................... 40 2 Media Content Analysis ............................................................................... 42 2.1 Introduction ............................................................................................................. 42 2.2 The predominance of price volatility in media discourses about UK agriculture .... 42 2.3 Inshore fisheries ...................................................................................................... 43 2.4 The dairy sector ....................................................................................................... 46 3 Brexit and the UK agri-food sector ................................................................ 50 3.1 Brexit: introduction ................................................................................................. 50 3.2 Brexit: fisheries, including inshore fisheries ............................................................ 53 3.2.1 Fisheries management ...................................................................................
    [Show full text]
  • TJ's Traditional Christmas Pudding Lemon Posset Rich Chocolate Box
    Tommy’s crab bisque Roasted cornish turkey with brandy cream & croutons Slow roasted cornish turkey Roast potatoes, parsnip puree, TJ’s traditional Christmas pudding Flash fried cold smoked chantenay carrots, roasted chestnuts, with brandy cream and sugar topping venison loin pigs in blanket & stuffing with honey roasted parsnip & orzo pasta Lemon posset Sous vide sirloin of beef Pressed chicken & artichoke Chateau potatoes, cornish pudding, Rich chocolate box terrine watercress, cauliflower & chantenay carrots Cornish cheese board Goats cheese pannacotta Cornish blue, cornish yarg and with beetroot carpaccio Chorizo encrusted monkfish davidstow cheddar Ratta potatoes, leek and samphire polenta & cherry vine tomatoes FINISH WITH COFFEE AND Quince and apple sorbet PETIT FOURS Homemade sautéed potato BOOK YOUR TABLE TODAY: gnocchi Celeriac & apple puree with baby turnip TO BOOK YOUR TABLE SIMPLY CALL 01288 356013 5th, 6th, 12th, 13th, 19th, 20th December TJ’s slow roasted tomato soup Roasted cornish turkey TJ’s Christmas pudding with Basil, crème fraiche & ciabatta croutons Roast potatoes, seasonal vegetables brandy sauce & roast gravy Homemade chicken liver pate Hazelnut parfait with shortbread Wrapped in prosciutto crudo, served Roasted cod fillet biscuit with port wine jelly & walnut bread Paella risotto, prawns, mussels & watercress Cornish cheese board - Melted red onion filo tart Cornish blue, yarg and davidstow Baked goats cheese, balsamic shallots Savoury pancakes cheddar served with celery, grapes Ratatouille, herbed cream cheese, and crackers tomato sauce FINISH WITH COFFEE AND PETIT FOURS Christmas Party - room rates £55 Standard Double/£62 Superior Double/£70 Luxury/Family. All rates based on 2 people sharing & include breakfast Tommy Jacks Beach Hotel, Crooklets Beach, Bude, Cornwall, EX23 8NF T.
    [Show full text]
  • PERFORMANCE Cheese & Whey
    PERFORMANCE Cheese & whey March 2016 as stock made with less expensive milk is sold. Whey realisations have also fallen and this has contributed to lower reported £ million 2014/15 2013/14 margins in this business. In addition we Revenue 274.4 264.6 have adjusted our aged accruals in line Product group profit* 33.1 39.3 with the Grocery Supply Code of Practice. Margin 12.1% 14.9% * Before exceptional items and amortisation of Cathedral City continues to grow acquired intangibles market share Total retail cheese market sales were Share of the total retail unchanged over the year although cheese market by value volumes fell by 3%. Cheddar accounts for Cathedral more than half of all retail sales. Cathedral City City continued to grow market share, recording flat volumes and 5% sales growth. According to IRI, retail sales of 11% Cathedral City exceeded £280 million. Sales of competing cheddar brands have Other 89% continued to decline. Taken together the next three largest cheddar brands totalled Source: IRI 52 weeks ended 28 March 2015 £141 million, down over 20%. We continue to develop new products Dairy Crest produces and markets in the Cathedral City range. Products Cathedral City, the UK’s leading launched in earlier years such as cheese brand, as well as the Selections, Chedds, Spreadable Cathedral premium Davidstow cheddar brand. City and Baked Bites have all prospered. Milk from around 400 farmers in This year we have moved outside of Cornwall and Devon is made into cheddar for the first time and have selected cheddar cheese at our Davidstow Red Leicester and Double Gloucester for a creamery in Cornwall.
    [Show full text]
  • Winter 2018 £1
    BOSCASTLE BLOWHOLE No 104 Winter 2018 £1 photo Jane Castling Community Chefs pictured above, left to right, are: David Lamond, Mike Stickney, Stephanie Key, Sue Viner, Rev Michael Parsons, Ruth Parsons, Mike Viner and Sue Stickney. To find out what they have been cooking up, see page 15 inside. Also inside: Boscastle Community Minibus page 3 The Reading Room page 16 News from School page 18 Boscastle Coastguard page 27 Crossword page 35 Foreword Festive Greetings to all our readers. We would like to thank all our readers, contributors, vendors and especially those unsung heroes who distribute the Blowhole each time; without your unstinting assistance, we would not have made it to issue 104. Thank You All We hope you will continue to support your village magazine. If There has been so much content to fit into this quarter’s edition anyone wants to get more that we have run out of space to include it all, have had to edit some articles and save others for the next edition. The team send condolences to involved, or has an idea the family and friends of Dave Not wanting to risk incurring the wrath of the witchy crew for a new feature or article, above, I’ve found room for their photo on this page...now I can from Easyprint. He was a star; please get in touch. eat garlic rather than dangle it from my computer monitor. always so helpful and cheery. All the best for 2019. We will all miss him. Boscastle Blowhole Team The editorial team reserves the right to accept, reject or edit any material submitted for publication.
    [Show full text]
  • Grazing at Greens Bartender Breakfast
    BREAKFAST AT GREENS Served until 11.30am FULL CORNISH (GF*) FRENCH TOAST (V) (GF*) Cornish pork sausage, bacon, choice of fried With Maple syrup, Greek yoghurt, berry BARTENDER or scrambled egg, mushroom, hogs pudding, compote & sliced banana – £7.50 tomato, baked beans & toast – £9.95 BREAKFAST BACON SANDWICH (GF*) Philip Warren smoked back bacon served VEGETARIAN BREAKFAST (GF*) (V) (VE*) BUCKS FIZZ in buttered sourdough – £6.00 Orange juice & Prosecco – £6.95 Buttery mushroom, wilted spinach, tomato, choice of fried or scrambled egg, beans HOMEMADE GRANOLA (V) BLOODY MARY & toast – £8.95 With Greek yoghurt, berry compote Black Cow vodka, tomato juice, & honey – £6.25 Tabasco, Worcester sauce EGGS ON TOAST (GF*) (V*) & celery salt – £7.95 choice of fried or scrambled eggs – £6.00 SOURDOUGH TOAST add bacon or sausage – £1.50 add mushroom or tomato – £1.00 (GF*) (V) With jam or marmalade – £3.50 LUNCH AT GREENS DESSERTS Served from 12pm to 3.30pm CHOCOLATE ORANGE BROWNIE (GF*) (V) With candied baby orange MAINS NIBBLES & vanilla ice cream – £6.95 CARAMELISED SHALLOT BAKED VANILLA RICE PUDDING ARTISAN BREAD (V) (VE*) (GF*) (V) (GF*) With toasted hazelnuts & & CORNISH BRIE TART (V) With olive oil and reduced balsamic – £4.00 With portobello mushrooms & a marinated miniature figs– £6.95 watercress & truffle oil salad– £12.95 MARINATED OLIVES (GF*) (V) (VE*) – £4.40 BLACKBERRY CHEESECAKE ROASTED NUTS (GF*) (V) (VE*) – £4.20 LOCAL FISH PIE (V) (GF*) Made with Cornish clotted cream, Mix of seasonal fish in a béchamel sauce, blackberry compote,
    [Show full text]
  • Taste Hospitality Menu (Revised)
    TASTE HOSPITALITY MENU (REVISED) PENRYN CAMPUS 2020/21 Welcome to ‘Taste’ We are relaunching our Hospitality Service as ‘Taste’ with new menus and ideas from Cornwall together with some international flavours. Aim • To provide a high quality, value for money service to our customers • To be the hospitality supplier of choice, providing a comprehensive hospitality provision with efficient and friendly service at all times • To monitor performance and feedback to ensure we meet our Customer Promise Our Customer Promise • To make our customers the focus of everything we do • To be proactive and consistent and to offer a professional service • To act with integrity and respect at all times • To provide the best customer experience possible at every opportunity In Touch • Tag and share your event on Instagram • See our latest products and menus @Taste_penryn Contact us: Campus and Commercial Events, Falmouth Exeter Plus T: 01326-370-428 E: [email protected] CONTENTS 4 How to Order (overview) 5 Refreshments & Sweet Treats 6 Breakfast Working Lunches 7 • Sandwiches & Artisan Rolls • Taste of Cornwall Buffet • Taste of Vegan Buffet • Cornish Pasties • Packed Lunches 18 Cream Tea 19 Full Booking / Amendment / Cancellation Policies Suppliers 24 Allergens and Dietary Requirements 27 Environmental Information Hospitality Menu 03 Ordering Information To view our hospitality menus and download the order form please visit: http://www.fxplus.ac.uk/hospitality Contact & Opening Hours: The Hospitality Team The Penryn Campus, Penryn TR10 9FE Monday to Friday 0900 - 1700 hours T: 01326 370428 x1428 E: [email protected] W: www.fxplus.ac.uk/hospitality Delivery Times & Prices: Monday to Friday (0800 - 1700 hours): Free delivery Deliveries outside of these hours (before 0800, after 1700) incur a £30 delivery charge Weekends: The hospitality service is primarily a Monday to Friday service, please contact us if you have a weekend requirement and we will quote separately We can accommodate many dietary requirements, just let us know in advance of the event.
    [Show full text]
  • Thinking Differently Differently
    Dairy Crest Group plc Dairy Crest Group plc Claygate House Littleworth Road Esher Surrey KT10 9PN Company No: 3162897 Visit our website at www.dairycrest.co.uk Annual Report 2014 http://www.dairycrest.co.uk/investors/ THINKING DIFFERENTLY Dairy Crest Group plc Annual Report 2014 THINKING THINKING DIFFERENTLY DIFFERENTLY This report is printed on Hello Silk paper. This paper has been independently certified as meeting the standards of the Forest Stewardship Council® (FSC) Cows pictured with kind and was manufactured at a mill that is certified to the permission of their owners: ISO14001 and EMAS environmental standards. John S. Pile (Farms) Ltd, The inks used are all vegetable based. Middle Farm, Lewes, East Sussex and D.Goodwin Printed at Pureprint. & Sons, Hill House Farm, Lindfield, West Sussex; Designed and produced by Tor Pettersen & Partners. both of whom supply their Photographic direction by Hudson Wright Associates. milk to Dairy Crest. Board photography by Ed Hill. CONTENTS Dairy Crest is the largest UK-owned dairy food 2 At a glance company. We process and market nutritious fresh Strategic report 4 Our business model milk and branded dairy products. The Company 6 Our strategy has a well-established strategy, a clear vision, 8 Our people 11 Acting Chairman’s statement robust values and good people. 12 Chief Executive’s review 14 Principal risks and uncertainties The year ended 31 March 2014 was one 17 Performance Strategic report of consolidation for Dairy Crest. Following the 17 – Spreads & butters 18 – Cheese & whey transformational sale of our French spreads 20 – Dairies 22 – Milk Procurement business, St Hubert, last year we have continued 23 – Corporate Responsibility to execute our long term strategy of growing our 28 – Financial review key brands and other added value sales and Governance 32 Board of Directors and Advisers reducing our costs.
    [Show full text]
  • Annual Report 2015
    Dairy Crest Group plc Annual Report 2015 Dairy Crest Group plc Claygate House Littleworth Road Esher Surrey KT10 9PN Company No: 3162897 Visit our website at www.dairycrest.co.uk Dairy Crest Group plc http://www.dairycrest.co.uk/investors/ Annual Report 2015 This report is printed on Chorus Lux Silk paper. This paper has been independently certified as meeting the standards of the Forest Stewardship Council® (FSC) and was manufactured at a mill that is certified to the ISO14001 and EMAS environmental standards. The inks used are all vegetable based. Printed at Pureprint. Designed and produced by Tor Pettersen & Partners. Photographic direction by Hudson Wright Associates. Board photography by Ed Hill. CONTENTS Dairy Crest processes and markets branded dairy 2 At a glance products and nutritious fresh milk. The Company Strategic report 4 Our business model has a well-established strategy, a clear vision, 6 Our strategy robust values and good people. 8 Our people 10 Chairman’s statement 11 Chief Executive’s review In the year ended 31 March 2015 Dairy Crest has grown the 14 Principal risks and uncertainties combined sales and profits of our predominantly branded 16 Performance Strategic report Cheese and whey and Spreads and butter businesses. 16 – Cheese & whey 18 – Spreads & butters We have also negotiated the sale of our Dairies operations. 20 – Dairies 22 – Milk Procurement Reported sales and profits from these operations have both 23 – Corporate Responsibility fallen in the year. 28 – Financial review The sale, which will transform Dairy Crest and allow us to Governance 32 Board of Directors and Advisers focus further on profitable growth, is subject to the approval 34 Management team Governance of the competition authorities.
    [Show full text]
  • Case Study XY (Task 3.5)
    Prepared by Daniel Keech, James Kirwan, Dilshaad Bundhoo and Damian Maye CCRI, University of Gloucestershire Case Case Study Cheese in the UK (Task 3.5) Study XY (Task 3.5) Authors – Partner The research leading to these results has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement n° 311778 2014 Contents Summary ................................................................................................................................................ 5 1. Introduction ....................................................................................................................................... 7 1.1 General introduction ................................................................................................................ 7 1.2 National context ....................................................................................................................... 7 1.2.1 Historical details ............................................................................................................... 7 1.2.2 Cheese production and consumption ............................................................................ 7 1.2.3 Milk supply in the UK .................................................................................................... 10 2. Context of the case study ........................................................................................................... 13 2.1 Global-local continuum .......................................................................................................
    [Show full text]
  • Beverages Alcoholic Drinks
    FOR THE LITTLE ONES! BEVERAGES ALCOHOLIC DRINKS COFFEE - Our coffee is ethically sourced from small Camel Valley Bacchus Dry White HOMEMADE 4OZ RED RUBY BEEF BURGER producers around the world, and then roasted in £19.95 Per Bottle ~ £5.50 Per Glass (175ml) £5.95 Cornwall by Cornish Coffee. A fresh and fruity dry white wine, bright with a grassy hue, In a white bap, served with crisps and small garnish. Filter Coffee £2.35 England’s answer to Sancerre. Good varietal character HOMEBAKED CORNISH HAM, DAVIDSTOW Cappuccino £2.95 and length with crisp, tangy elderflower and grapefruit CHEDDAR or EGG MAYONNAISE SANDWICH Americano £2.80 flavours. £4.75 Espresso £2.60 Camel Valley Cornish Rose Served on white or multigrain bread with crisps and small Latte £2.95 £21.95 per Bottle ~ £5.50 Per Glass (175ml) salad garnish. Flat White £2.95 A beautifully balanced, luscious rose with intense aromas Decaffeinated £2.80 and flavours of strawberries and raspberries. PASTA TWIRLS £5.95 Hot Chocolate £3.25 Camel Valley ‘CORNWALL’ BRUT £37.50 (bottle only) Served with fresh homemade tomato sauce or green Luxury Hot Chocolate £3.95 A fresh and fruity traditional method sparkling wine, pesto and topped with Davidstow Cheddar cheese. served with cream and marshmallows perfect for all celebrations with fresh yeasty aromas, 2 HOMEMADE PORK SAUSAGES £5.95 TEA English hedgerow scents with good acidity and a touch of Oven baked potato wedges and baked beans Pot of Tea for one £2.25 honey on the palate. All children’s meals come with a complimentary glass of HANDBLENDED CORNISH LOOSE LEAF TEA PROSECCO orange or blackcurrant squash.
    [Show full text]