[ad_1]
ANM Group, the main farming co-operative, which is headquartered at Thainstone, has revealed its Annual Report for the yr to December 31 2021, posting a buying and selling revenue of £659,000.
There was an total improve in stability sheet worth by £3.5m to £26.7m, and public sale operations posted an additional rise of 10.3 per cent in throughput, to virtually £131m.
The constructive outcomes, set to be introduced to members of the co-operative at their AGM this coming Tuesday April 19, are seen as cementing the progress posted final yr, and the Group’s place as essentially the most progressive producer-owned farming, meals and finance companies in Scotland and ranked within the Prime 25 of all UK member-owned co-operatives.
The outcomes are being posted after a serious improve in member advantages, including-
Buying and selling members saving £370,000 in diminished shareholder fee charges.
Curiosity on share capital fee to shareholders of 1.5 per cent.
£163,000 financial savings made by members from different members advantages schemes, corresponding to enhanced rates of interest on members loans scheme.
The overall worth of members’ funding within the Group has been maintained at its report degree of over £7m.
The total annual report could be considered right here.
ANM Group Chairman, Peter Watson, who is ready to face down on the AGM after 9 years on the Board and 5 within the chair, warmly welcomed the outcomes, saying: “These outcomes are a welcome endorsement of our co-operative values, the place the advantages of our buying and selling are shared with our member shareholders, returning actual and vital worth for his or her loyalty to the Group.
“Our first precedence is at all times to work of their finest pursuits, and this set of annual outcomes is additional affirmation of our place as market leaders.
“To generate a buying and selling surplus of £659,000 in opposition to a really unsure backdrop provides the Group confidence to look to the long run, understanding we will proceed to ship for our members in even essentially the most difficult of circumstances.
“On this, our one hundred and fiftieth anniversary yr, I’m delighted to be handing on the baton with the Group in such a promising place – as a pal, member and buyer of the enterprise, I’ll stay up for additional progress sooner or later.”
Chief Government of ANM Group Grant Rogerson added: “This final result for 2021 is constructed on three explicit parts which I’d need to spotlight: our persevering with and relentless innovation to ship for our members and clients; the persevering with give attention to the Group’s position within the provide chain supporting the economies we serve and the distinctive individuals in place throughout the ANM enterprise.
“Our enterprise is completely different from others.
“Our shareholders are our members, our clients throughout the Group, and their pursuits come first.
“That’s why we put money into them, with entry to a powerful vary of member advantages, and fee charges which have saved them £370,000 within the final twelve months alone.
“Our co-operative construction implies that the buying and selling surplus this yr will go straight into investing within the enterprise, yielding returns within the current, but in addition getting ready us for the long run.
“For over 150 years, ANM has delivered for our members and clients throughout our markets.
“These outcomes are a ringing endorsement of that strategy with the enterprise on target, permitting us to look forward with confidence with a watch on the long run for additional thrilling alternatives to come back.”
Do you need to reply to this text? If that’s the case, click on right here to submit your ideas they usually could also be revealed in print.
[ad_2]
Source link