Macphie posts £5.9m profit following £10m site investment
Macphie CEO Andy Stapley and CFO Angela Willows
Operating profits of £5.9 million have been reported by Macphie Limited, a rise from £5.4m the previous year, as the Scottish food ingredients manufacturer navigated “operational challenges” to deliver growth.
Based in Glenbervie near Stonehaven, the family-owned business saw turnover climb to £82.1m for the year ended 31 March 2025, up from £73.3m in 2024. Chairman Norman Soutar described the results as a “most satisfactory outcome”, achieved despite strong inflationary headwinds and historically high costs for key raw materials.
The firm, renowned for its sauces, bakery, and ice cream inclusions, channelled over £10m into capital investments to enhance capability and capacity at its manufacturing estate. While the necessary reconfiguration of the site presented temporary operational hurdles, Mr Soutar stated confidence that the business has emerged “stronger and with greater focus”.
The reporting period marked a significant leadership transition for the company. Ed Widdowson was appointed as Chief Executive following the retirement of Andy Stapley on 31 March 2025, while Angela Willows joined the board as chief finance officer earlier in the financial year. The average monthly number of employees also rose during the year, increasing to 283 from 261.
Looking ahead, the board acknowledged new challenges regarding incremental employment costs and softening consumer confidence but remains committed to international expansion and maintaining a balanced portfolio across sectors. The company paid dividends amounting to £1.03m during the year and successfully renewed its B-Corp status for the ninth consecutive year.

