THE Glenapp Estate Company has returned to the black after seeing
improvements in the prices of beef and timber.
Annual accounts for the business, which includes the Earl of Inchcape and
his son Viscount Fergus Glenapp among its directors, show turnover
increased from £2.34 million to £2.56m.
That increase in revenue helped turn a pre-tax loss of more than £68,000
into a profit of £38,678 in the 12 months to March 31 this year.
Writing in the accounts, the directors said timber prices had stayed
steady, which has helped to improve the profitability of the company. They
added: “Glenapp Estate has continued to benefit from good beef prices,
whilst working with lower lamb prices.
“We continue to review lamb and beef numbers with regard to profitability
and in conjunction with assets on the estate dedicated to dairy.
“We have continued to increase the dairy herd and improve its genetics
through careful breeding and artificial inseminations.
“The calving this year has gone well, with low fatalities for another year
and good milk generation despite challenging conditions at times in the snow.”
The accounts said Scottish Power Renewables remains “committed” to building
a 14-turbine wind farm on Glenapp which could generate 32 megawatts of power.
The South Ayrshire estate, which covers around 5250 hectares, has been the
home of the Inchcape family since 1917.