Scottish windows, doors and conservatories company, CR Smith has posted positive results for the year ending 29 February 2016, with both turnover and profits showing a steady increase.
Revenues for the 12 months to the end of February 2016 were £21.9m (2015: £21.4m) and 2.3% rise over the previous year; while gross profits (before tax) were £159,083 (2015: £124,571) a year on year rise of 27.7%. Profits after tax were up 22.4%.
It is the sixth successive year that CR Smith has reported growth in the business, which installs windows, doors and conservatories for the domestic market. To match this expansion of the business the company now employs 308 (up from 300 in 2015).
Accounts for its commercial operation, CR Smith Manufacturing Limited, also show steady improvements with sales up to £7.5m (2015: £7.3m) and gross profits rising to £1.8m (2015: £1.7m). This business, which has taken advantage of increased demand from new build developers, employs a further 90 staff at its Cowdenbeath factory.
Gerard Eadie, Executive Chairman of CR Smith said:
“Over the past six years we have consistently delivered a quality product and high level of customer service – trust and reliability are important factors in our success.
“We have progressively invested in both the manufacturing and sales operations to keep pace with customer demand, on both the domestic and commercial side of the business. As ever, it is in our nature to be adventurous and ambitious. We are building up new revenue streams, such as Fix (a division offering a service where whoever fitted it CR Smith can fixt it) and new build contracts, and we’re always exploring new markets.
“There is a pride in what the company does, the quality of our product and in our expertise.”