Riverford, the employee-owned organic vegetable box company, has reported a significant increase in profits, with pre-tax profits more than doubling to £5.3 million. Sales also rose by 11% to £110 million, allowing for a £1.3 million profit share for over 1,000 employees, translating to approximately £1,000 each. The company, known for ethical practices and a strong commitment to organic produce, attributes its success to loyal customers and has prioritized maintaining accessibility amidst rising costs. It has fully transitioned to employee ownership, investing in sustainability and expanding its service offerings.
Lucinda Turner, Riverford's commercial director, said increased profits reflect "more people choosing quality, organic food, seasonal eating, and fairness to farmers."
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