Although 2009 was a particularly difficult trading year we managed to show a recovery starting in September to finish the year on sales at £1.96m, -15.7. The first quarter was particularly difficult being -24.1.
PE and paper related packaging sales were more robust and Gross Profit posted -7.74.
EBIT was down -37.79 due in the main to higher personnel costs in recruitment. A small profit was booked for the year.
Already the signs are encouraging for 2010 with sales in January bouncing +47.65. This recovery trend is set to continue with a healthy order book in place and key projects progressing.
Full Company results will be available from Companies House in Qtr2/3.