Liberty optimistic after delivering financial results

Liberty Wines has announced an operating profit of £2 million for the 2012-13 financial year – up 0.15% on the previous year.

Turnover was down from £38.1 million to £36.5 million, but it made a higher gross margin, up 18.2% on the previous year.

Managing director David Gleave said: “The focus on quality and service has seen us increase profits at the same time as volume fell.

“We are optimistic for the coming months, particularly as we have made significant investments in our sales team in the UK and have completed the build of, and move to, our new freehold warehouse and offices in Clapham, London.

“These investments are already bearing fruit, as October 2013 was a record month for sales in the UK and Ireland, which bodes well for the run-up to Christmas.”

Related articles: