News blog

Blavod Wines and Spirits

  • BY: Andrew Hore |
  • POSTED: 13/08/2010 |

Blavod Wines & Spirits says that the supplier of Cockspur Rum is trying to end its distribution agreement.

The supplier claims that Blavod is in breach of its supply agreement and has 45 days to rectify the breach. Blavod denies that it is in breach of the agreement.

Blavod grew revenue by 40% to £8.32m in the year to March 2010. Sales were held back because of tight credit controls but the demise of First Quench and other potential customers showed that this was the correct decision. A change in sales mix hit margins. Blavod moved from a profit of £130,000 to a loss of £15,000. Blavod has stopped its policy of amortising its trademark by £53,000 each year so that gave 2009-10 a boost and reduced the level of loss in comparison with the previous year.

At 3.375p a share, up 0.125p, Blavod is valued at £2.96m.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds