One of Britain’s biggest potato farmers has seen his dividend slashed by two-thirds as sales of fresh produce declined.
Ronnie Bartlett, who runs Albert Bartlett, saw his payout fall from £1.5m to £500,000 amid “challenging market conditions” that “put significant pricing pressures on the supply chain”. He was also paid £1m in his position as the sole director.
The family potato empire, which traces its roots back to 1948 and is based in Airdrie, east of Glasgow, provides about 20% of the fresh potatoes eaten in Britain.
Sales fell 10% to 154.5m in the year to the end of May.