06 Dec 2019
The creators of Tunnock’s teacakes and caramel wafers have seen sales rise above £60m for the first time, thanks to increased demand from domestic and international consumers.
The Uddingston based manufacturer’s annual accounts revealed the pre-tax profit of more than £5.7m, up £4m on the previous year period.
The recent extension of the factory enabled production to increase with 525 million biscuits being produced during the year and exports now reaching over 30 countries.
Sir Boyd Tunnock said, “For the last 130 years, Tunnock’s has always favoured quality over quantity and long-term value over short-term gains.
“Through careful and prudent management, we have grown to become one of the leading biscuit brands in the UK. We plan to secure an exciting future by remaining true to the values established by the Tunnock family and continue to invest in our plant, people and products.”
The family business’s success was recently recognised with 86-year-old Sir Boyd Tunnock (owner and creator of the teacake) receiving his knighthood at Buckingham Palace late November.