Why did Anglesey Market's operating profit drop sharply in Q4 2024?

Anglesey Market's operating profit dropped sharply in Q4 2024 due to a combination of factors: 1. **Increase in National Insurance Contributions**: The most significant factor contributing to the drop in operating profit is the increase in National Insurance (NI) contributions. As a private business, Anglesey Market is not exempt from these increases, which resulted in additional costs for the company. The rise in NI contributions, which came into effect last month, has placed a financial burden on GP practices, including Anglesey Market, leading to a decrease in operating profit. 2. **Container Supply Constraints**: Multi Ways Holdings Limited (MWG), a supplier of heavy construction equipment, experienced a slight decline in revenue due to container supply constraints. Although this issue did not directly impact Anglesey Market, it reflects broader economic challenges that could have influenced market conditions and operational efficiency, indirectly affecting Anglesey Market's profitability. In conclusion, the decline in Anglesey Market's operating profit in Q4 2024 can be attributed to the increase in National Insurance contributions and container supply constraints. These factors collectively contributed to a challenging operating environment for the company during that period.