Carrs results for the financial year to 31 March 2001
showed a profit before tax of £96,000 compared with £42,000 in the previous year.
Managing Director, Bill Church said "These results would have been a
great deal better had it not been for a very large potential bad debt that we had to make
a full provision for. Given the state of manufacturing in the UK, this result reflects
very favourably on the efforts of all our staff. Possibly of greater importance was the
continuing improvement in cash flow with an increase in cash of £261,000 over the year.
Based on our continuing growth we have plans to introduce several exciting new products,
extend our warehouse and make changes in our IT system". |
