Family-owned motorway service business, Westmorland, posts strong financial performance

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Westmorland, the family-owned motorway services business which runs Tebay Services on the M6 in Cumbria and Gloucester Services on the M5, has announced strong results for the year to June 2015. The results show a growth in turnover to £72m up from £52m in the previous year and a growth in profit before tax to £3.6m up from £0.8m in the previous year. This period saw the successful completion of the £45m investment in the new Gloucestershire business, on time and on budget.

The positive growth was due to the first full year of trading of Gloucester Services northbound, the acquisition of Cairn Lodge Services in Scotland and strong underlying trading in the Cumbrian businesses. The business now employs 1,000 people.

Laurence King, managing director, said: “Last year was an energetic year which saw the successful completion of our investment in Gloucester Services and significant growth both financially, in employees and in the number of local suppliers with whom we work.  We look forward to another year of growth as Gloucester Services Southbound completes its first full year of trading.”

Gloucester Services northbound, which opened in May 2014, has been positively received by its customers and has won a number of national awards for its food and its design. Gloucester Services southbound opened in May 2015 and was officially opened by HRH Prince Charles in July 2015.

In November 2014, the business acquired Cairn Lodge motorway services on the M74 in Scotland.  The transition of ownership from one family to another has been a smooth one and the business looks forward to investing in the facilities in the near future.

The businesses in Cumbria have all performed well. Tebay Services has benefitted from developments in its Farmshop and Kitchen, whilst the Hotel and J38 Truckstop have both had steady years.  Rheged has continued to develop its cultural programme, winning Gallery of the Year in Cumbria Life’s Culture Awards, with a strong series of exhibitions and a growing following for its live streaming film programme.

King said: “The year to June 2015 has demonstrated strong results in each individual business, which is the result of some very hard work by all our valued people and continued commitment from the shareholders through this period of growth.  We continue to invest in resources and systems required for the management and control of a much larger business and we look forward to seeing further growth in the future.”