Builders merchant posts loss but remains positive

North east independent builders merchant James Burrell posted a loss of almost £400,000 in the year to October 31 2009.
Sales fell to £32.5m from £43.9m and the company blamed much of the loss on the fact that credit insurance was withdrawn on so many customers. The firm, which made a profit of £5,819 during its previous financial year, also said it had seen its workforce drop from around 210 since August 2008, when it first noticed a sharp decline in orders.

However, its directors are “cautiously optimistic” about the short term and estimate a return to annual sales of around £45m in two years’ time once the construction market recovery is underway.

Like-for-like sales rose 25% in March and the company has already re-employed two former members of staff.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

Check Also

Left to right Bruce Laidlaw Operations Director Paul Erskine Works Manager

Russell Roof Tiles celebrates 20 year service

Works manager Paul Erskine has been recognised for 20 years of service at roofing manufacturer …