Tech

Plugs drove Walker Modular growth in the years of economic hesitation before Brexit

Bathroom Pod Specialist Walker Modular confirmed that sales fell by almost 10% in 2019. This is seen by many as the year when the economy was breathtaking ahead of Brexit.

For Hull suppliers to multiple unit markets such as hotels, hospitals and prisons, it was exactly that the profits gained in 2018 were wiped out and many major investments were curtailed.

Founded in 2006, Walker has facilities on Amsterdam Road and Marfleet Avenue and employs more than 400 staff.

In the just-announced year-to-March 31, 2020 results, sales fell from £ 75.7m to £ 68.4m. Profit decreased from £ 7.4 million in 2019 to £ 4.2 million.

Malcolm Walker, director of the board, said:

“Directors are confident that the strategic business model they are implementing will bring growth over the next few years. The company is also in a good position to expand into a wider market, if the economy allows. There is.

Walker Modular manufactures bathroom pods for hotels, dormitories and prisons.

“Walker Modular Ltd continues to be a leading supplier to leading developers and leading companies across the UK, with the goal of delivering quality products while continuing to succeed in recent years and gain market share. We believe that the company’s strategy and experienced management will provide a solid foundation for successful future performance. “

The number of staff increased from 435 to 457, all additions were produced during the review period, and in 2018/19 there was virtually £ 3 million in sales from Europe, which was purely domestic. ..

Regarding the effects of the coronavirus-the first blockade takes place just over a week before the end of the fiscal year-Walker said: “Like many other companies, the company has faced the challenge of addressing the serious impact on coronavirus production since March 2020. Field activities and delivery.

“The company enables agility in implementing measures and additional control methods to maintain connections between employees, customers, stakeholders and suppliers, to ensure a safe working environment, and in some cases to be limited. Although it has a large capacity, we have made it possible to continue production activities. “

Plugs drove Walker Modular growth in the years of economic hesitation before Brexit

Source link Plugs drove Walker Modular growth in the years of economic hesitation before Brexit

Related Articles

Back to top button