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Our strategy

The strategy of the Group is to develop each business through targeted growth initiatives.

Our strategy is to deliver total shareholder returns by the continued profitable development of our businesses through a combination of organic growth, capital investment and selective acquisitions.

Development strategy

  • Continue our track record of organic growth
  • Increase the focus on nutritional advice and technical support
  • Identify and bolt on complementary agriculture businesses in line with strategic emphasis on agriculture
  • Diversify the agriculture offering from a focused ruminant feed base
  • Drive industry consolidation for synergy and scale economies

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Key performance indicators

Outlook

  • Since the year end we have focused on increasing capacity of our northern mills
  • We have relocated the production of animal feed for the S.C. Feeds customers to the nearby Wardle mill as planned
  • These operational changes ensure our assets are more closely geographically aligned to our customers

Development strategy

  • Maintain excellent levels of customer service
  • Improve operational efficiencies and return on assets
  • Optimise customer mix

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Key performance indicators

Outlook

  • Continue to focus on the optimal utilisation of the site in Wardle, adding incremental pallet spaces with the creation of reduced height racking
  • Drive further efficiencies in the business to further improve returns
  • Remain focused on providing excellent levels of customer service and support

Development strategy

  • Develop organic growth from existing network and through establishment of new depots
  • Bolt-on acquisitions across the UK
  • Synergy with existing depots
  • Geographic expansion

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Key performance indicators

Outlook

  • Develop the business organically through the new start-up depots in the South East
  • Target appropriate strategic bolt-on acquisitions
  • Drive performance in the proven depot operating model