This surge comes despite the ongoing challenges posed by rising chocolate costs due to climate change and supply chain disruptions.

The company, famed for its teacakes, caramel wafers and snowballs, saw turnover rise to £87m, up from £75.8m the previous year. While profits have improved significantly from the previous year’s £1m, they remain below the £5.4m achieved in 2022.

Tunnock’s, like other confectioners, has been impacted by soaring cocoa prices. Adverse weather conditions in West Africa, where most of the world’s cocoa is sourced, have hampered production. In its latest Companies House filing, the company acknowledged the impact of these factors and the Ukraine conflict on raw material costs, which continue to pose challenges.