Thursday 23 November 2017

Bullish results for Chapel Down

Chapel-Down-A-for-FB

 

Annual results from leading English wine producer Chapel Down show another strong year of growth. Key points are:

  • Year on year sales up 25% to £10.233m (2015: £8.179m)* 
  • Chapel Down Wine sales up 22% to £6.791m (2015: £5.564m) 
  • Wine gross profit up 30% at £2.888m (2015: £2.229m)

Chapel Down has also toasted to the opening of its new wine tasting facility at its home in Tenterden, The Wine Sanctuary.

Wine sales grew 22% in the year to £6.791m. The brand is seeing growth across the country, as well as developing some exciting long term export opportunities.

Still wines (much of which can be released in the year following vintage) have been winning international accolades. Investment by shareholders has enabled it to secure “an exciting future”. It has planted a further 40 acres taking the total planted on long term leased land to 122 acres since 2015. They have also added a further 55 acres which is under long term grower contracts. It continues to invest in further capacity and equipment at Tenterden, improving systems and building the brand and team. A new storage, disgorging and dispatch warehouse in Ashford is now fully operational and releases space for further winemaking capacity at Tenterden.

The relocation of office and commercial teams to Ashford has not only improved connectivity but also enabled the company to gain planning consent for improved visitor facilities at the former office block at Tenterden, now open as The Wine Sanctuary – a tasting  and entertainment facility that also gives more retail space in the shop.

 

Comments are closed.