North Lincolnshire-headquartered agricultural machinery dealership group Peacock and Binnington has seen sales soar by more than a third as production returned to factories.
The 2020 record revenues of £68.7 million were left in the tracks of 2022’s performance as it generated £88.3 million in the calendar-aligned financial year.
It was 34.6 per cent up on 2021’s £65.6 million as a backlog of orders accumulated during Covid was met by the Brigg operation. Major supply chain issues were felt across the automotive industry and wider manufacturing sector in the wake of the pandemic, with microchip shortages at the fore. It came against a backdrop of increased demand due to Russia’s invasion of Ukraine impacting on wheat production.
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