First Milk is a wholly British farmer-owned dairy co-operative. The business produces award-winning cheddar, regional cheeses and dairy ingredients, and market fresh milk through collaborative milk sourcing and supply chain management services.
Following significant change in recent times, the business was able to report another year of solid progress, for the year ending March 2019. First Milk has a clear strategy in place to grow its cheese business and develop its fresh milk business, that provides milk sourcing services through long-term customer partnerships and growing sales volumes.
First Milk’s biggest cheese customer is Oruna, which supplies more than 40% of the hard cheese sold in British retailers and the largest buyer of cheese in the UK. First Milk has played a pivotal role in strengthening Ornua’s relationship with Sainsbury and helping to secure new business.
First Milk has a key strategic partnership with Nestle, one of the world’s largest food and beverage companies. The business has been working with them for more than 13 years and is their largest UK supplier.
The most recent financial results show strong performance in line with expectations. Turnover increased by 7.8% to £272.3m, through both new business growth and higher selling prices.
Rutherford Cross is delighted to bring 3 key roles to the market:
Financial Accountant- A Financial Accountant role has become available to bolster the senior finance function, support the Financial Controller for ensuring the whole suite of financial group reports are produced accurately and in a timely manner, allowing informed business decisions to be made.
Credit Controller- The Credit Controller is a key role within the company’s finance function, working closely with the credit team and reporting to the Accounts Payable and Receivable Manager.
Treasury Analyst- A Treasury Analyst role has become available to join the finance team. Working closely with the Financial Controller, the Treasury Analyst is responsible for proactively managing the long-term cash flow.
Commercial Accountant – A Commercial Accountant role has become available to bolster the senior finance function, supporting the Senior Finance Business Partner and the commercial team in pursuit of high standards of financial performance.