Who are we?

Our operating company, Crawshaw Butchers, currently has 20 retail outlets and two distribution centres across Yorkshire, Humberside, Nottinghamshire and Lincolnshire.

In line with our growth strategy we have now successfully launched eight new shops in Retford, Castleford, Chesterfield, Mansfield, Huddersfield, Doncaster, Bramley and more recently, Derby.

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Crawshaws Fundamentals (CRAW)

Director Change

Crawshaw Group Plc ("Crawshaw", the "Company" or the "Group"), the fresh meat and food-to-go retailer, today announces that Colin Crawshaw will step down from the Plc Board as Buying Director with immediate effect.

Colin will continue to work in his current function as part-time head of buying to facilitate a smooth transition to the new full-time Buying Director.


Chief Executive Officer, Noel Collett, comments:

"We wish to express our sincere gratitude to Colin for his drive, commitment and loyalty over the past 25 years with the Group and wish him the very best for the future.

Colin's retirement provides the opportunity to appoint a new full-time Buying Director, which forms part of our core strategy to deliver our plan of opening 200 stores. This plan is progressing very well and is on track, so we continue to look to the future with great confidence and excitement."


Colin Crawshaw comments:

"I have thoroughly enjoyed my 40 years in the Butcher Industry and being part of the Crawshaws business for over 25 years. I think now is the right moment for me to step aside and hand over responsibility to a full-time Buying Director. This will help the business to deliver the growth plans and I will do everything to support the new appointee during the transition."

AGM Statement

At this afternoon's AGM of Crawshaw Group PLC, the fresh meat and food to go retailer, the Chairman, Richard Rose, will give the following trading and strategic update:

In the 8 weeks since my last statement on the 23rd April, LFL sales for the extended group are up 2.3%, building further on the increase of 6.4% achieved over the same period last year. This strong trading performance is spread across our combined store portfolio and we have seen positive growth in both customer numbers and average spend.

The initial integration of Gabbotts Farm Ltd has been very smooth and we are well underway with developing the customer proposition in all stores. The post-integration initiatives have enhanced our sales and profitability, and we will continue with the operational synergies and extension of the supply chain network.

Our growth plan is progressing very well and is on track. We have recently opened a new store in Leeds, the Bolton store will open in July, and a further 4 stores are planned to open before Christmas. This growth, including the Gabbotts Farm acquisition, represents an increase of 17 stores for the financial year and will take our portfolio to 39 stores.

Richard Rose, Chairman of Crawshaw, commented: "Our sales, customer numbers and average spend continue to increase reflecting the excellent quality and value we offer. Under the leadership of our new CEO Noel Collett, the board continue to build and develop the resource, infrastructure and initiatives to grow sales within the existing estate and deliver the roll out strategy in a controlled and disciplined manner. It is a very exciting time for the business and we look to the future with great confidence."

Directorate Change

Yesterday's sales at a guess - Arrowgrass Capital Partners LLP > 14%

I was on a train on which the wifi connection failed, what happened yesterday? Do you mean buys skinny or did Crawshaws have a sale of pies?! :o)

Kim - Director Shareholding

Link copied - Crawshaw to create 300 Yorkshire jobs with £25m investment

Arrowgrass Capital Partners LLP < 14%

A bit of share shuffling going on!

12 month+ high today @67p.

Directorate Change

Crawshaw Group Plc ("Crawshaw", the "Company" or the "Group"), the fresh meat and food-to-go retailer, is delighted to announce the appointment of Alan Richardson (38) as Chief Financial Officer. Alan is expected to join the business on 7th September 2015 when he will be appointed a director of Crawshaw Group Plc and, after a short handover with Lynda Sherratt, will assume full responsibility for the Finance Director and Company Secretary roles on 1st October 2015 following the interim results announcement.

Alan joins Crawshaw Group Plc from Morrisons Supermarkets Plc ("Morrisons"), having spent 5 years with the supermarket chain where he held a number of senior finance roles, most recently as Finance Director for Group Retail and Logistics. In addition to full P&L responsibility, capex and cashflow forecasting cycles for all 500 stores and 8 logistics centres, he was a key member of the commercial team supporting the rapid expansion into the convenience store format. Prior to Morrisons, Alan spent 8 years with ASDA where he held a number of senior finance roles, following his qualification as a chartered accountant with KPMG in 2001.

Kevin Boyd, currently Crawshaw Group Plc Managing Director, will be appointed Chief Commercial Officer from 7th September 2015, with a wider remit and responsibility for Buying, Supply Chain, Factory Operations, Food Production, Logistics, Food Safety and Health & Safety.

Trading Update

Crawshaw Group Plc ("Crawshaw", the "Company" or the "Group"), the fresh meat and food-to-go retailer, is pleased to report that following various initiatives undertaken by new management, like-for-like sales have been particularly strong in the last quarter, with the growth being realised across the entire estate. This has been accompanied by a strengthening gross margin position.

In addition, the two new stores that opened recently are trading very well and above our "base case".

We look forward to presenting a strong trading position at our interim announcement on 29 September 2015 and now expect the Company to exceed market expectations for the year ended 31 January 2016.

Pop!

A new high @72p.

Make that 72.5! :o)

Keep up! 73p :-)

72.5 at close. I won!:o)

29th September 2015

Interim Results Crawshaw Group PLC (“the Company”), the fresh meat and food-to-go retailer, today reports its interim results for the 6 months ended 31 July 2015.

Highlights
• 41% rise in Adjusted EBITDA1 to £1.2 (2014 : £0.9m)
• EBITDA £0.5m (2014 : £0.9m)
• 42% increase in group turnover to £16.7m (2014: £11.8m)
• 44% increase in gross profit to £7.5m (2014 : £5.2m)
• Adjusted Profit before tax2 up 27% to £0.9m (2014: £0.7m) and Adjusted Earnings per share3 up 26% to 1.102p (2014: 0.874p)
• Reported Loss Before tax of -£0.1m (2014 : £0.7m)
• Cash balances of £6.0m at 31st July 2014 (31st January : £9.1m

Richard Rose, the chairman, said; "Crawshaw Group has delivered a strong performance for the six months to 31 July 2015 with significant trading momentum and profit growth.

"During the half year under review we acquired Gabbotts Farm Ltd, consisting of 11 retail butchers shops, and a factory shop attached to a small distribution centre in the North West of England. We are delighted with both the strategic / geographical fit, and its performance to date. It was quickly fully integrated, is being re-branded, and its trading performance is extremely encouraging.

"As we gear up to deliver our significant expansion plans we are incurring a number of planned Accelerated Opening Costs. As these costs are to build the platform for future growth, we have reported an Adjusted EBITDA number to provide transparency on our underlying performance.

"I am pleased to report a 41% increase year on year on this measure, with the legacy business converting sales at an Adjusted EBITDA of 14%. New store performance continued to provide much encouragement with two new stores opened in the period under review.

"Of particular note is the performance of our two most recent stores, Bolton and Worksop, which most closely represent our rollout concept. Both stores opened well and are trading ahead of our expectations with early indications they will outperform our 'base case' profitability assumptions.

"Since my last statement at the end of June we have seen a significant improvement in sales momentum as a result of a number of initiatives launched by new management.

"This has strengthened our LFL performance from -2.2% in Q1 to +3.5% in Q2. I am pleased to note that this has continued into H2 with the first 7 weeks of the period showing LFLs at +6.7%. This improvement is being seen across the whole Crawshaw and Gabbotts store portfolio and so is particularly encouraging.

And again @76p76.50p.

77p! :o)