Guy Singh-Watson spent 15 years sitting on the decision to hand ownership of his successful vegetable box business, Riverford Organic Farmers, to employees. One year since he made the leap, the company, which delivered its first boxes of homegrown vegetables to families and friends in Devon in 1993, says it has recorded its best financial results.
Sales increased 10 per cent year on year to £65.9m with operating costs of £45.5m for the year ending April 2019, according to its unaudited accounts. This suggests the company enjoyed record profits of £3.7m, mainly through sales of organic vegetables grown at the company’s four farms and packed into 47,000 boxes a week.
