Thu, 30 Jun 2011 | DIVISION SALE
Tool supplier Hampson Industries is in talks to dispose of some of its non-core assets after a 170 per cent fall in profits.
Its year-end results released this morning uncovered a decrease in operating profits of 170 per cent, while its pre-tax profits fell by 234 per cent to a loss of £31.1 million.
The losses have not affected the revenue, which actually increased by 17 per cent to £197.5 million to the year ending 31 March 2011. This has been attributed to the company having secured its biggest tooling contract to date in September 2010. Though lucrative, the deal failed to keep Hampson’s profits from sliding.
The manufacturer supplies tools and components to the aerospace industry from its base in Brierley Hill.
What assets are potentially going to be sold were not revealed. In June last year the firm disposed of its non-core automotive turbocharger business.
Hampson chairman Chris Geoghegan commented, “We are focused on increasing our operational effectiveness to improve cash generation and margins. A number of initiatives are underway and an ongoing focus on cost reduction in being implemented throughout the Group to drive a return to improved results in the year ahead.”
This is a rare opportunity to acquire a leading food manufacturer specialising in South East and East Asian cuisine, with a strong foothold in the UK and European markets, supported by robust supply chains and long-standing customer relationships.
This business opportunity offers a well-established company in South East England that specialises in high-quality insulation and renewable solutions, operating across diverse sectors and supported by strong client relationships and a dedicated manag...
An established specialist provider of air conditioning, EV charging, heating solutions, and solar panels is available for acquisition, offering a comprehensive service package and robust customer base across the UK.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.