THE future for Carluke’s famous R&W Scott’s jeely works still looks sweet despite a plunge in its parent company share price.
The Gazette understands that the poor financial results for mid-2013 announced by Scott’s current owners, The Real Good Food Company (RGF), had little, if anything, to do with the performance of its Carluke arm which is predicting growth in sales in 2014, thus ensuring the survival of the Clyde Street works – still one of the town’s biggest private employers.
Worries over that future were created by national financial press reports of disappointing March to September figures for parent company RGF, which has the bulk of its other operations south of the border.
Some local heads were being scratched in puzzlement by the national financial press reports that a drop in the European sugar prices had been partly to blame for a 27 per cent plunge in company profits, wondering how this could possibly be bad news for a jam-making business!
However, the Gazette understands that it was other parts of the parent group – which includes a major sugar distributor – which were adversly affected by this and not Scott’s directly.