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Year ending March 2009
Sales for the year were maintained and profits significantly increased as the group consolidated its operations on the three main plants (Leeds, Sheffield, Precision) and improved their manufacturing efficiencies.
However, at the year end the effects of the global slump were already being felt, with order input down by an unprecedented amount.
Despite this, the group continued to trade at satisfactory profit levels and with good positive cash flow throughout the calendar year of 2009. At the time of writing there is evidence of a modest improvement in demand in most markets.
My particular thanks are due to all the employees for their continued committment and support during this very difficult period.
Andrew Cook
March 2010
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Year Ended |
Year Ended |
Year Ended |
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28th March 2009
£000 |
29th March 2008
£000 |
31st March 2007
£000 |
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| TURNOVER |
59,123 |
58,845 |
74,479 |
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| NET ASSETS |
36,139 |
30,120 |
24,556 |
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| SHAREHOLDERS' INVESTMENT |
17,372 |
17,372 |
17,372 |
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| NOTE: |
| The financial information set out above does not constitute the Company's statutory accounts but is derived from those accounts. Statutory accounts for the years ended 28th March 2009, 29th March 2008 and 31st March 2007 have been delivered to the Registrar of Companies. The auditors have reported on these accounts; their reports were unqualified and did not contain a statement under section 237(2) or (3) of the Companies Act 1985. |
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