The ANM Group of auctioneering, catering and property businesses, has posted increased profitability and throughput, despite what it terms an extraordinary year with uncertainty over Brexit outcomes and the ongoing Covid-19 pandemic.
The Aberdeenshire-based co-operative made a pre-tax profit of £136,000 on a turnover of £7.23 million in the year ended December 31st 2020, compared to a pre-tax loss of £160,000 on the turnover of £8.51m in the previous year. Throughput in the latest year was £121.39m, up from £117.22m in 2019.
“After one of the most extraordinary years since we were established in 1872, it is with a real sense of pride that our Group is able to report on a very positive outcome for the 2020 financial year,” says Group chief executive Grant Rogerson. “All of our teams adapted brilliantly to new ways of working over the year and have continued to refine and develop the way we operate. Early strategic decisions ensured ANM had available different routes to market and the infrastructure and resources to deliver. We have more members investing in our co-operative than ever before.
“Looking to the future, we will look to maintain and build on the positive progress made and ensure we deliver our core values. With a total regional economic contribution of over £100 million, ANM plays a central role throughout our trading area and in the wider community, and through our various divisions services adds real value to our local communities.”