£7m Sales Increase from Historic Flour Company.

May 8, 2024

Flour Firm Generates an Increase of £7m in Sales in Latest Sales Results.

Andrews Flour Mills, a historic flour company in Belfast, the only independent flour milling company in Northern Ireland reported sales of £27.8 million within the year, to October 1^st, 2022, increasing from £20m the previous year.

The company makes baker’s flour, soft flours, wholemeal, and brown flours. The business itself dates to 1722, when the Andrews family built a flour mill in Comber, Co Down. By the 1880’s milling moved to the two mills in Belfast.

The invasion of Ukraine is said to have effected wheat prices, as Ukraine is a major supplier of wheat worldwide. The company itself does not source wheat directly from either the Ukraine or Russia and has continued to work with wheat suppliers in other countries to ensure reliability of the wheat supply chain. It also added “The company has managed the risks and uncertainties created by the situation in Ukraine and general economic factors. The company continues to manage the supply chain for wheat, impacted by the Ukraine situation, and manage its general operating costs.”

Demand for the company’s products had remained strong during the year, the report said, with the directors believing that the group had adequate resources to continue to operate. The value of its stocks had climbed from £1.1m to £2.1m, including the impact of a rise of nearly £740,300 in the value of its raw materials.

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