Sharp’s Brewery saw turnover fall 8.7% to £38.2m for the year ending December 31, 2018. Pre-tax profit was up 70.2% to £1.3m.
According to files registered at Companies House, the company saw beer volumes down 5.5% year on year, although there was £890,000 of investment in facilities.
The directors said: “Turnover declined in the year due to year-on-year volume reduction (5.5%). However, operating efficiency has ensured gross profit is in growth of 1.6%.
“Investment continues to be made in increasing the volume capacity of the business to meet consumer demand for the main brand, Doom Bar, while continuing to develop a wider portfolio of brands. The company has a capital expansion plan to support the continued growth of its production capacity.”