Happy Egg Co owner Noble Foods reports £30m loss

Happy Egg Co owner Nobel Foods fell to a £30 million loss last year following a “challenging” trading period.

According to its full year results, posted on Companies House, the group reported a year-on-year turnover drop of 9.5% to £282.7 million for the 52 weeks ended 1 October 2021.

The group also reported that operating losses increased from just under £2 million the previous year to £32.6 million.

READ MORE: Farmers urge supermarkets to increase egg prices

Losses after tax rose also increased from £4.9 million the previous year to £30.3 million.

The news comes as earlier this year the UK saw a shortage in eggs following the risk of avian flu.

In April this year, egg farmers warned of production halts following claims that the country’s biggest supermarkets are “suffocating businesses”.

“There are clear and obvious cost increases being heaped upon farmers, and retailers simply aren’t sufficiently adjusting the retail price,” British Free Range Egg Producers Association (BFREPA) CEO Robert Gooch said.

“Any increases being made are too little and too slow. They are suffocating businesses.”

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