Yorkshire-based brewery, T&R Theakston has reported continued growth in its latest annual report for the year ending 31 December 2023, despite a tumultuous year for the industry. The family-controlled business, which has been brewing beers in Masham for almost 200 years, recorded a pre-tax profit of £248,000 for the period, an increase from £18,000 in the previous year.
Category
🗞
NewsTranscript
00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:06Here are your headlines for this morning. The Yorkshire-based brewery TNR Theakston has
00:12reported continued growth in its latest annual report for the year ending December 31st 2023,
00:19despite a tumultuous year for the industry. The family-controlled business, which has been brewing
00:25beers in Massam for almost 200 years, recorded a pre-tax profit of £248,000 for the period,
00:33an increase from £18,000 in the previous year. The increased profitability comes as the business
00:40also saw a turnover increase by 21% to £8.2 million in the same period, despite the challenges
00:47of inflationary pressures on production costs, increased operational expenses for customers,
00:52and consumers feeling the pinch on their disposable income. So an update this morning,
00:57a very positive update from TNR Theakston, a business that's been around for 200 years in
01:02Yorkshire, reporting continued growth in 2023. My name's Greg Wright,
01:08I'm the Deputy Business Editor of the Yorkshire Post.