Carr’s Milling to hit full-year targets

CUMBRIAN group Carr’s Milling Industries is upbeat following progress across the business.

In a management statement for the 19 weeks to July 12, the Carlisle group said it was performing well and would hit full-year expectations.

Carr’s produces livestock feed and makes flour. It also has an engineering arm which specialises in working with the nuclear sector.

Net debt at May 31 was £27.1m up from £25.3m in March due to the acquisition of component maker Chirton Engineering and ongoing capital expenditure. The group has renewed its banking facilities.

Chief executive Tim Davies said: “Our geographic diversity and continued investment has ensured that we are at the forefront of innovation, technology and design. This has resulted in a strong performance across every division during the period. As such, we expect the full year performance to be in line with our existing expectations.”