South Caernarfon Creameries Ltd (SCC) former Co-op reports solid financial performance

The West Wales Co-operatives 2019-20 Annual report front cover features its successful hand-crafted Dragon brand cheese with the strap line “Proudly owned by our farmers” which probably sums up the business.

Record sales with higher volumes of cheese from its 134 members who average 1 million litres each are the key take outs. As with most if not all GB Dairy Co-ops SCC had no producer resignations in the year.

To be fair to SCC the report is up front that competitor Co-op Arla was way out in front during the year paying in remarkable 30.25ppl based on a manufacturing standard litre.

SCC averaged 27.78ppl which was on above average milk for cheese farmgate milk price.

Key indicators from the report were:

Turnover up 21% (£11.3m) to £64.2 million
Operating Profit down 14% (£300,000) to £1.9 million
Capital invested up 88% (£700,000) to £1.5 million
Net Debt down 24% (£3.6million) to £11.3million