£35 million turnover for Cheltenham wine trader
By Andrew Merrell | 7th November 2018
A wine trader and wholesaler from Cheltenham has reason to raise a glass or two in celebration after turnover hit a record high - with sites set on further expansion.
Results just published by the Royal Crescent-headquartered Off-Piste Wines show turnover rose from £29.7 million to £34.8 million for the year to January 31 2018.
Brexit, so far, has been good so far to the firm which sites the on-going saga as reason its profits remained steady at a refreshing £2.8 million.
Plans are reportedly on track to take turnover to £40 million by the end of its next financial year. Staff currently number 22.
"Much of our growth has come from our leading brand, Most Wanted which we created in 2015. We have sold over three million bottles of Most Wanted in 2018 and expanded the range to include Australian Shiraz and Chardonnay," said Andy Talbot, the firm's managing director.
"We have an international presence, while most of what we sell internationally is in to Europe we are selling our wine brands in to countries such as Canada and New Zealand from our base in Cheltenham."
Off-Piste Wines began trading internationally in 2016. In the last year it saw its European sales grow to £1.74 million from £982,000 with strong growth continuing into the current year.
Brands also handled by the business include Monte Giove and Marlborough Sands.
The firm's long-term goal is to become a global wine business. It already sells to 20 countries and plans to increase this to at least 30 by the end of next year.
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