Archive

Accounts December 1929 and 1934


Annual Report and Accounts, 1964

President: W. F. Johnston, J.P.

Committee of Management:

  • W. F. Johnston, J.P.. Chairman
  • D. Black, Vice-Chairman
  • T. Black
  • Capt. A. V. Chute, J.P.
  • T. Denham-Smith
  • S. A. Edwards
  • E. F. Fox
  • C. W. C. Green

Administration:

  • K. C. Crook, Managing Director
  • G. W. Cousins, Company Secretary
  • J. F. Reed, Marketing Director
  • J. Preece, Accountant

Bankers: Midland Bank Ltd., Ipswich
Auditors: Oliver Lusher & Co., Chartered Accountants

GENERAL MANAGER’S REVIEW

The factory has made a profit for the year ending December 31st 1964, of £41,423, after charging for depreciation and contributions to the pensions and sickness scheme.

This is the third highest profit, after payment of Levies, etc., but before taxation or dividend payments, in the history of St. Edmunds Bacon Factory and is the highest profit at this stage for almost a quarter of a century.

During the first six months of the year we made a net profit of £1,322, the balance of the profit was made entirely in the second half of the year. This is the first time that a profit has been made in the December quarter for some considerable period. The profit in the December quarter was £14,791, as against a loss of £15,613 in the corresponding quarter of last year.

Turnover increased from £1,792,513 in 1963 to £2,172,237. This was spread over most of our products but I would single out sausages, which have nearly doubled their sales over the last year, as being most noteworthy.

The total number of pigs purchased went up by 14,082 to a total of 134,328. The factory spent over £2,000,000 including guarantee on buying these pigs.

During the year we have completed the majority of alterations within the factory and we have also launched a new system of budgetary control which 1 am confident will increase the efficiency of the Company.

Ten-year Reviews

From the 1964 Report & Accounts
Year ended 31st December Number of Members Share Capital Number of pigs handled Total pigs handled From Members Members Trading Bonus Total Payroll Sales of Small Goods Net Profit
Bacon Pork
1954 2,051 42,752 86,157 25,061 111,493 62,812 14,282 Cash Payment 173 43,426 20,361
1955 2,186 43,285 85,655 4,376 90,209 84,034 12,621 177 35,105 3,223
1956 2,186 42,629 77,160 4,213 81,540 80,825 16,149 174 35,428 15,706
1957 2,209 77,960 105,524 13,177 119,041 118,527 21,743 Bonus Shares 196 44,361 9,257
1958 2,234 79,518 100,951 6,822 108,134 107,489 21,423 Shares & Cash 212 54,799 12,242
1959 2,240 91,528 106,600 5,372 112,287 111,057 — — 213 56,704 10,152L
1960 2,211 90.491 64,377 21,276 86,030 83,339 4,800 Bacon Con., Level delivery 1960/61 contract 196 73,462 2.387L
1961 2,177 89,971 45,963 60,659 107,322 87,263 6,778 Bacon Con., Level delivery 1961/62 contract 250 95,754 18,069L
1962 2,153 88,201 39,106 58,737 98,497 88,651 10,240 Reserved 1962/63 contract 239 106,406 30,257
1963 2,117 87,042 40,916 78,637 120,246 89,785 10,257 Reserved 1963/64 contract 259 134,880 6,520
1964 2,108 87,336 45,583 88,038 134,328 107,914 11,674 Reserved 1964/65 contract 295 199,090 41,423

1. The new bacon chill rooms have been completely renovated and modernised, with new freezing equipment and new overhead rails. Other pictures on these pages show part of the extensive modernisation scheme and some of the new equip- ment which has been installed.
2. The newly purchased Cryovac machine for vacuum sealing bacon joints and gammons.

3. Mechanised handling has been intro- duced with the Lansing Bagnall lifting truck. Palletisation is being brought in at the same time to give more efficient handling.
4. The laboratory is being re-equipped and other hygiene improvements made within the factory to ensure that the highest standards of cleanliness are maintained.

5. New overhead rails for the pork pro- duction line give smoother and easier handling.
6. The new pre-packed bacon production line showing, in the foreground, the new bacon cutting machine and its “Magic- Eye” automatic control.
Annual Report and Accounts, 1972

W. F. Johnston, J.P., Chairman
D. Black, Vice-Chairman
T. Black
Capt. A. V. Chute, J.P.
T. Denham-Smith
S. A. Edwards
E. F. Fox
C. W. C. Green

Administration:

K. C. Crook, Managing Director
G. W. Cousins, Company Secretary
J. F. Reed, Marketing Director
J. Preece, Accountant

Bankers: Midland Bank Ltd., Ipswich
Auditors: Oliver Lusher & Co., Chartered Accountants Vice President: Earl of Iveagh

P. W. Howes
A. Johnson
R. A. Rockcliffe
A. Scott
M. R. Taylor
T. A. Tinneveld
K. B. Vansittart
P. 0. Stammers. Productivity Director
J. Brame, Works Manager
C. Jacques, Factory Services Manager

 

From the 1972 Report & Accounts
Year ended 31st December Number of Members Share Capital Number of pigs handled Total pigs handled From Members Members Trading Bonus Total Payroll Sales of Small Goods Net Profit
Bacon Pork
1963 2,117 87,042 40,916 78,637 120,246 89,785 10,257 259 186,176 6,520
1964 2,108 87,336 45,583 88,038 134,328 107,914 12,815 295 261,900 41,423
1965 2,101 90,025 46,630 87,692 134,957 119,201 30,712 301 331,782 65,103
1966 2,120 98,095 30,260 105,291 135,797 128,660 18,805 342 373,819 35,280L
1967 2,103 102,866 24,009 105,721 130,028 121.571 4,320 372 604,759 17,147
1968 2,081 103,238 42,980 90,402 133,674 131,579 3,493 463 918,642 7,218
1969 2,049 103,117 26,082 102,334 128,764 126,511 2,883 498 1,282,845 85,823
1970 2,014 101,676 21,127 95,309 116,722 112,453 14,886 508 1,463,468 40,900L
1971 1,987 101,270 24,893 99,880 125,106 117,660 12,437 505 1,500,323 85,318L
1972 1,958 100,340 9,727 87,608 97,586 80,896 9,998 516 1,750,568 39,695

 

Statement of Accounts for the year ended December 1929

Oliver Lusher & Co., Accountants and Auditors