Revenue showing growth

Fishers’ investment dents annual profit

FishersFishers Laundry Group saw a dip in annual profit following investment in new facilities and the cost of implementing the national minimum wage.

Profit before interest and tax fell from £2.7 million in 2014 to £2.4m in the year to the end of December. Turnover was unchanged at £34.9m (2014: £34.8m).

The Cupar-headquartered business, which cleans, irons and delivers more than two million items a week, operates from seven sites in Scotland and the North of England.

During 2015 it opened Scotland’s first “super laundry” at Coatbridge, near Glasgow and this year has seen significant business wins, with net revenue growth of £1m in the year to date.

Michael Jones, managing director, said: “2015 was a year of investment for Fishers. It is important that we stay competitive. Our investments are already having a positive impact on our 2016 performance.”

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