Cockspur loss hits Blavod
Blavod Wines & Spirits has reported a loss of £50,000 in the year to March 31, on the back of losing the UK agency for Cockspur rum.
The loss compared with a profit of £78,000 in the previous year.
Sales fell from £8.3 million to £7.2 million.
Chairman Don Goulding said: “The collapse of Oddbins resulted in some losses although this was mitigated by maintaining a prudent stance to credit limits.
“Market conditions remain challenging and consumer confidence fragile.
“Advancing our export effort will further reduce our exposure to the UK market.
“However, premium brands have demonstrated their ability to remain relatively buoyant if well-positioned and actively supported at both consumer and customer level. This remains at the heart of everything we do.”