At his August briefing for staff, Bill
Church, Carrs Managing Director, gave details of the results for the Year to March 2002 as
well as the current trading position. 
He said that the loss for the year was disappointing after all the hard
work of the last twelve months. The loss of £171,000 was mainly due to
£131,000 of bad
debts incurred during the year. He also pointed out that the high depreciation charge of
£163,000 would reduce in future years as the assets purchased at the time of the move to
Tipton become fully depreciated.
As far as the current year is concerned, given a steady economic
situation, he expected a much better result. Costs have been greatly reduced and The
Company can now succeed at the levels of trade available in the existing market.
The good news is the exciting range of new products and the potential to
develop new business opportunities.
After the briefing, all the staff got together for a barbecue held on
Carrs' terrace overlooking the Birmingham Canal. |
