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Inspired Pet Nutrition has revealed that its turnover rose to almost £100m in its latest annual results, following a £60m investment in the business.
The Welsh company filed accounts revealing a turnover of £96.3m in the year ended 30 June 2019, up 3.4% against the year prior.
It comes as the group has invested into both Harringtons and Wagg brands, with spending up 15% year-on-year. It invested a further £4.8m on capital projects, with total investment into the business rising to £60m in a nine-year period.
Richard Page, chief executive at Inspired Pet Nutrition, said: “These impressive results show a strong underlying top line growth and that our strategy of investing heavily in our award-winning brands is clearly paying dividends.
“Research has shown that ‘all-natural ingredients is now the most important purchase driver and this is why Harringtons, in particular, is performing so well.”
He added: “In response to the Covid-19 pandemic, our overwhelming focus continues to be the health and well-being of our employees.
“At our sites we have strict social distancing, zoned working and enhanced hygiene procedures in place to help IPN play its part in ensuring the UK’s 15 million pets are kept fed and healthy in these unprecedented times.”
