AN historic Salford brewery has served up a record turnover.
The family-owned Hydes, which was founded in 1863, delivered a turnover of £34.1m for the year ending April 2023, despite tough economic conditions and the cost of living crisis. This is up £5.8m on 2022's figure of £28.3m.
Hydes brewery is in Media City, and has named one of its beers Lowry. It supplies beer to wholesalers, pub companies and other brewers throughout the UK and a pub retailing estate of nearly 50 pubs across the North West of England and North Wales.
Soaring inflation, high energy costs, a tight labour market and rising interest rates have all meant extremely difficult trading conditions for the hospitality industry as a whole.
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