Matthew Algie posts another 'strong’ financial year

Nick Snow
03/10/2017 - 10:41
Glasgow-based coffee roaster, Matthew Algie, saw its turnover increase to £37.4 million this year, a 3.9% increase against the same period last year.

The company, which was acquired by Tchhibio Coffee Service in August, saw its operating profits increase to £2.65 million, up £700,000 from 2015’s numbers.

Nick Snow, managing director at Matthew Algie, said: “Coffee outlets face fierce competition on the high street and as consumer expectations increase, so must the quality and standard of the coffee on offer.

"In today’s market differentiation is everything. As well as taste acting as a measure of quality, consumers see provenance, ethics and sustainability as important. Our ethical values are central to our business and we are proud to supply coffee to our customers that meets this level of expectation.

“We will continue to invest behind the Matthew Algie business and we have bought a major new warehousing facility at our Glasgow site to cope with the expansion. 

“The growth over the last 12 months has been driven by a customer focused approach and as a result we have won new customers across multiple sectors and further strengthened our position in the market.

“Through contract catering our distribution has broken into some new areas including some major UK universities. On top of this the Espresso Warehouse brand and the added value support we offer customers, such as tailored branding, have continued to help grow our customers’ businesses.”

Established in Glasgow in 1864, Matthew Algie supplies to cafes, bars, restaurants, hotels and businesses across the UK and Ireland.

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