Profits and revenue rise
Investment in operations pays off for CR Smith
Revenues for the 12 months to the end of February 2016 were £21.9 million (2015: £21.4m) while gross profits before tax were 27% higher at £159,083 (2015: £124,571).
Gerard Eadie, executive chairman, said: “We have progressively invested in both the manufacturing and sales operations to keep pace with customer demand, on both the domestic and commercial side of the business.
“As ever, it is in our nature to be adventurous and ambitious. We are building up new revenue streams, such as Fix (a division offering a service where whoever fitted it CR Smith can fixt it) and new build contracts, and we’re always exploring new markets.”