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Daily Insight

Business Focus >>

The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

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Supermarkets can't do organic food like Abel & Cole

by Rebecca Burn-Callander - Tuesday, 22nd January 2008 -

Supermarkets can't do organic food like Abel & Cole

Two thirds of UK consumers deliberately choose organic. Abel & Cole is making a killing out of this passion for “pure”.

The organic veggie delivery company turned over £28m last year, with juicy profits of £17m. More than 50,000 households around the UK now receive fruit, vegetables, meat, dairy and fish from the company.

With numbers like these, no wonder the supermarkets are desperate to emulate Abel’s success. But consumers aren’t fooled: “A local store in York might have Yorkshire carrots at the end of the aisle – right next to the sweetcorn from Thailand,” says co-founder
Keith Abel.

“Supermarkets want to appeal to the ethical consumer, but they don’t want to lose the customers who want the same things on the shelves all year round.”

Abel & Cole sources almost all of its produce from UK farmers. “We’re like UK Fairtrade,” says Abel. “We always choose British first. And we agree fair prices with our farmers and arrange quantities in advance so they can plan ahead.”

This is the opposite end of the spectrum to supermarket contracts. And it ends up being cheaper for the consumer, too. “Supermarkets make fat margins,” says Abel. “Not to mention the added cost of packaging and transportation. Plus there’s the £5 delivery charge.” At Abel & Cole, clever deliveries ensure that drivers don’t go up the same street five times. And the veggies go straight from the farmer to your doorstep.

Abel isn’t too worried that the big chains will prove much competition any time soon either. “Ocado lost £40m last year,” he says, without a hint of smugness.

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Blue-rinse entrepreneurs make millions

By Kate Pritchard - March 04, 2008 5:41pm GMT

They started out selling their home-made chutney to the WI and school fetes. Now two mums-turned-mavericks have clinched a big-bucks deal with Waitrose to supply their luxury range of Anglo-Indian sauces.

Why school stinks

By Kate Pritchard - February 27, 2008 3:50pm GMT

Starting out with just a tool kit and a van, Charlie Mullins has built a £15m-turnover plumbing business, unblocking drains for the likes of Jonathan Ross, Eric Clapton and Gordon Ramsay. His biggest regret? “I left school when I was 15. I wish I’d escaped much earlier.”

The science of hiring good employees

By Rebecca Burn-Callander - February 27, 2008 2:15pm GMT

There’s no precise formula to hiring good people,” says Jason Stockwood, international MD of Match.com. “But I do have one piece of advice.”

Entrepreneurs and FDs go hand in hand

By Catherine Woods - February 26, 2008 4:12pm GMT

Employing a good finance director to keep a watchful eye on costs is the most important thing a fast-growing company can do, according to Vtesse Networks founder Aidan Paul.


BUSINESS COMMENT >>

Most Commented

Ebay entrepreneur turns over £2m a year

When Jamie Murray sold his Playstation over the auction site at Christmas three years ago, he had no idea that today he’d have built an online business shipping 12,500 items a month. Here’s how.


By Rebecca Burn-Callander


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