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Caledonian Marts reports strong first year

Caledonian Marts has reported profits of £113,000 in its first year of trading.

 


Olivia   Midgley

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Olivia   Midgley
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The firm, born in 2015 when the previous incumbent of the Millhall (Stirling) and Oban markets was bought out of administration, turned over £1.3 million, which chief executive John Kyle said reflected the popularity of the market.

 

The company’s annual report also highlighted improvements made to the facilities at the centre in Stirling.

 

These included revamped sheep holding pens, a new general purpose shed, ’extensive’ rewiring and improved parking areas.

 

Mr Kyle said: “The profit figure could actually have been higher, however we took the decision to invest heavily in much needed improvements at Millhall for customers and for livestock.

 

“As well as a new board of directors, new staff members have joined our team, including a finance manager, sales administration manager and a new sales administrator.

 

Thanks to the loyalty of our staff and particularly the support of our customers, Caledonian Marts has gone from strength to strength in our first year of operation.

 

“I am delighted that this healthy financial performance means we can state with confidence that we are here for the long term to continue to provide a competitive auction mart facility for farmers from the Stirling and Argyll areas and across mainland Scotland, together with Oban, the West Coast and the islands.”


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