Profit edges lower
Fishers Laundry committed to innovation
Michael Jones: need to innovate
Profits edged lower at Fishers Laundry Group as a result of pricing pressure and investment in the business.
The company, based in Cupar, said 2016 profit before interest and tax and exceptional items came in at £2.2 million (2015: £2.4m) on turnover of £36.1m (2015: £34.9m).
Michael Jones, managing director, said: “We recognise that to maintain our position as market leader in Scotland, we must continue to innovate and invest and we are committed to doing so.
“Competitive pricing pressure remains a feature of the UK commercial laundry sector.”
The company was established in 1900 and now cleans, irons and delivers more than two million items a week from seven sites in Scotland and the North of England.