TIMS DAIRY

Chris and Peter Timotheou’s Little Chalfont, Bucks-based Tims Dairy—who mainly supply wholesale markets with yogurt and cultured dairy products—have reported sales up 7% to £12.5m for the year to April 2020 with operating profits unchanged at  £630,000, an average operating margin of 5.1%. Pre-tax profits were also unchanged at £540,000. Dividends were unchanged at £288,000 wit directors combined salaries down 15% at £28,000. Staff numbers were up from 70 to 74 with the average wage at £26,000. Shareholder funds were up 5% at £3.63m.