Skip to content
Search
AI Powered
Latest Stories

Highland Spring annual results show resilient pandemic performance

Highland Spring annual results show resilient pandemic performance

Highland Spring Group, the UK’s leading producer of natural source waters, has posted its annual results for year end to 31 December 2020. The business demonstrated resilience during 2020 and extended its position as the UK’s leading natural source water brand, against the challenging backdrop of COVID-19.

Despite overall sales volumes being negatively impacted by the pandemic, strong consumer demand for healthy hydration, as many shifted to working and socialising from home, as well as cuts in non-essential expenditure, enabled a return to a small operating profit in 2020 from continuing operations. New products including Highland Spring flavoured cans, and a 10L hydration pack, were successfully launched to market.


The steps taken by the business to improve operational efficiencies and reduce overhead costs through restructuring the Group positively impacted operating profit in 2020 and is expected to do so again in 2021.

As a result, during 2020, the Group observed that with a modest sales volume decline of around 9 million litres against a larger relative market decline, the brand performed well to retain and extend its position as the UK’s No. 1 plain bottled water brand with a healthy market share of 10.3 per cent. Annual sales of the Highland Spring brand are over 330m litres, with Highland Spring Group’s share of the total UK Bottled Water market at 15.0 per cent.

Environmental sustainability remains at the heart of all business activities. The Group will be carbon neutral by the end of 2021, (Scope 1 & 2 market based emissions) and will achieve their overall target of net zero emissions by 2040.

Les Montgomery scaled Les Montgomery

“Our focus in the last 12-18 months has been on protecting our employees and ensuring the long- term sustainability of the business," said Chief Executive Les Montgomery. "It is great testament to the commitment and dedication of all our staff that they adapted so well and continued to deliver strong performances.

"Despite the challenges of 2020, the business has remained resilient in the face of the pandemic, and we are currently in recruitment mode to ensure we have the rights skills to meet demand as the country moves forward to a different way of life. After 36 years with Highland Spring Group, I recently announced my retirement as Chief Executive and will take up a non-Executive position in the New Year, and I would like to wish our new Joint Managing Directors, Simon Oldham and Mark Steven all the very best as they navigate the post-COVID landscape.”

More for you

A woman enters the Selfridges department store

A woman enters the Selfridges department store on December 13, 2024 in London, England

Photo by Leon Neal/Getty Images

Retail faces mixed fortunes in 2025 amid cost pressures, AI opportunities, and high street revival


The UK retail sector is bracing for a challenging but opportunity-filled 2025, according to Jacqui Baker, head of retail at RSM UK. While the industry grapples with rising costs and heightened crime, advancements in artificial intelligence and a revival of the high street offer potential pathways to growth, she said.

Keep ReadingShow less
unsafe soft drinks seized in Southend

Unsafe soft drinks seized in Southend

Photo: Southend-on-Sea City Council

1,100 unsafe soft drinks seized in Southend safety crackdown

Southend-on-Sea City Council officials have secured food condemnation orders from Chelmsford Magistrates Court, resulting in the seizure and destruction of 1,100 unauthorised soft drinks.

The condemned drinks, including Mountain Dew, 7-UP, Mirinda, and G Fuel energy drinks, were found during routine inspections of food businesses across Southend by the council’s environmental health officers.

Keep ReadingShow less
Charity Super.Mkt at Brent Cross Shopping centre in north London

A customer browses clothes inside Charity Super.Mkt at Brent Cross Shopping centre in north London on, December 17, 2024

Photo by JUSTIN TALLIS/AFP via Getty Images

Brits kindle Christmas spirit with second-hand gifts

Bursting with customers one afternoon the week before Christmas, a second-hand charity shop in London's Marylebone High Street looked even busier than the upscale retailers surrounding it.

One man grabbed two puzzle sets and a giant plush toy as a present for friends, another picked out a notebook for his wife.

Keep ReadingShow less
Nothing is more important than your Mental Elf

Nothing is more important than your Mental Elf

Lancashire Mind’s 11th Mental Elf fun run was its biggest and best yet – a sell-out event with more than 400 people running and walking in aid of the mental charity, plus dozens more volunteering to make the day a huge success.

The winter sun shone on Worden Park in Leyland as families gathered for either a 5K course, a 2K run, or a Challenge Yours’Elf distance which saw many people running 10K with the usual running gear replaced with jazzy elf leggings, tinsel and Christmas hats.

Keep ReadingShow less
A woman walks past a window display promoting an ongoing sale

A woman walks past a window display promoting an ongoing sale, on December 13, 2024 in London, England.

Photo by Leon Neal/Getty Images

Retail sales disappoint before Christmas

UK retail sales rose less than expected in the runup to Christmas, according to official data Friday that deals a fresh blow to government hopes of growing the economy.

Separate figures revealed a temporary reprieve for prime minister Keir Starmer, however, as public borrowing fell sharply in November.

Keep ReadingShow less