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

Published on Feb 11 2021 11:22 AM in Drinks tagged: Trending Posts / Norbev / Golf Holdings / Winemark

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.

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.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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