Harrogate Water reports 24% sales growth
Harrogate Water has announced a record sales with growth of 24%, attributed to increased sales in the high-volume supermarket sector, growth in export and travel markets and greater demand for premium glass products in both grocery and hospitality.
In its last filing on Companies House, the company reported turnover of £15m for the financial year to March 31 2017 and pre-tax profits of £1.7m. The firm’s turnover has risen to £21m for the financial year to March 31 2018.
The firm is now the fastest growing glass brand in UK grocery, with sales up 150% for sparkling and 80% for still.
The business has doubled in size in three years, following the roll-out of a multi-million-pound investment strategy to establish a world class, environmentally efficient manufacturing centre. The company has made a commitment to use 50% recycled plastic content, which it says puts Harrogate Water at the cutting edge of recyclability and green packaging solutions.
The Harrogate bottling facility is is zero to landfill, all products are 100% recyclable and both plastic and glass bottles use 50% recycled content.
Chief executive James Cain said: “Harrogate Water has continued to out-perform the market with growing sales across all sectors. Investment has been crucial in enabling our family-owned business to meet growing demand for bottled water and to compete effectively with multi-national competitors.
“Bottled water is the healthiest choice on the shelf and 2017 was a landmark year with sales outstripping cola for the first time. We are tremendously proud of the brand’s success in supporting healthy hydration at a time of worrying levels of tooth decay and childhood obesity linked to sugary beverages.”
Harrogate Water’s Thirsty Planet charity brand grew by more than 50% with new listings including Ikea, Accor Hotels and Emirates Airline. Thirsty Planet supports the work of independent British charity Pump Aid and more than £2m has been raised since the brand’s launch in 2007.
