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P COMPANY RESULTS
17th December 2009, Page 11
17th December 2009
Page 11
Page 11, 17th December 2009
— P COMPANY RESULTS
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Abbey Road hits high note
LIVERPOOL-BASED BULK liquid and foodstuffs specialist Abbey Road Tanks has unveiled an increase in profit and turnover, but it predicts slower growth in 2010 due to the recession.
The firm saw turnover rise to £19.1m for the 12 months to June 2009, up from £16.6m in the same period in 2008. Pre-tax profit increased to £808.000 in 2009,
from £606,000 in the previous 12 months.
Managing director Steve Granite says: -Due to the current economic climate, we do not envisage the level of growth experienced in recent years will continue into 2010, but a prudent approach to business will ensure profit margins do not suffer."
• A full interview with Steve Granite will appear in ihe next issue of CM.