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25
Aug 2021
Ripon Farm Services increases revenue to £117m
Ripon Farm Services increased revenue and profit in the last financial year despite covid, according to newly published accounts.
The company, which employs 270 staff, grew revenue by 10 per cent from £106.6m to £117.2m.
Gross profit went up by seven percent from £13.1m to £13.9m
The details are contained in the company's annual report and financial statement for the financial year ending January 31, 2021, which has just been published on the Companies House website.
Ripon Farm Services, which is based on Dallamires Lane in Ripon, sells and services agricultural machinery and accessories as well as provides paint and body shop services. Its major supplier is John Deere.
'Grateful for furlough'
The report says the company's paint and body shop services were "significantly impacted" by covid due to the reduction in road traffic.
It adds directors were "grateful" for furlough minimising the impact of coronavirus and protecting jobs.
Director Geoffrey Brown said in the report that sales grew "despite a reduction in the agricultural vehicle market".
He adds the economic impact of covid on the agricultural sector "has not been as significant as other sectors".
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The company has also benefited from John Deere having a "strong comprehensive portfolio of products and continues to have the largest market share in the UK and globally", according to the report.
The directors of Ripon Farm Services are listed in the report as Stewart Hymas, Paul Brown, Geoffrey Brown and Joseph Widdup.
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