Drinks

Soft Drinks Firm Norbev Records £1.64m Loss; Winemark Owner Records Operating Profits Of £948,700

By Dave Simpson
Soft Drinks Firm Norbev Records £1.64m Loss; Winemark Owner Records Operating Profits Of £948,700

Ballymena, Co. Antrim, based soft drinks firm Norbev has recorded a £1.64 million loss for 2019.

As reported by The Irish News, figures filed at Companies House have revealed that Norbev's turnover decreased from £21.9 million to £20.3 million during the 2019 calendar year, while the value of its assets decreased from £5.34 million to £3.69 million, the number of people employed by the company decreased from 144 to 133, and its wages bill decreased slightly to £4.3 million.

The company's £1.69 million 2019 loss followed a profit of £8,335 in 2018.

Norbev, which was originally established by the grandfather of its current owner, James Harkness, as Braid Mineral Water, blends and bottles drinks for clients such as Coca-Cola and GlaxoSmithKline, which makes Lucozade.

Norbev exports products to the Republic of Ireland, the Netherlands and America.

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Winemark Owner Records Operating Profits

In other Northern Irish drinks sector related news, Golf Holdings, which is the holding company for a number of firms involved in Northern Ireland's drinks sector including Winemark, which it owns along with a number of other hospitality subsidiaries, has recorded operating profits of £948,700 for 2019.

Golf Holdings' 2019 operating profits were up on the £561,500 operating profits figure that it recorded for 2018.

Golf Holdings employs 52 people and its wages bill amounts to almost £4.4 million. Its highest paid director's salary package was £1,384,602 in 2019.

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