According to the firm’s latest annual results for the year ended 31 December 2021, turnover rose by 8% to reach £142.4m despite disruptions in the supply chain and increased prices for raw materials.

Walker’s Shortbread also benefitted from a rise in sales in domestic and overseas markets, with UK sales increasing my 4.7% to £62.6m, and exports rising by almost 10% to £79.8m.

The firm’s cash flow was also positive, reaching £3.1m over the period.

In its strategic report, Walker’s Shortbread said that despite challenges including inflationary pressures, COVID-19 and labour shortages, the business is “focusing forward” towards a more profitable future. It added that the business has spent time assessing its product ranges and will focus on the continuation of the Walker’s brand relaunch, with the coming years seeing this roll out across international markets.

A dividend of £1.9 million was paid in 2021, while the highest paid director received remuneration of £926,000.