Homeware Manufacturer Registers Turnover Boost
Homeware Manufacturer Registers Turnover Boost : A homeware manufacturer has taken its sales to new heights, while its profits also rose. In the year to 31 December 2019, sales rose to £27.2 million up from £23.6 million in the year prior. Meanwhile, its pre-tax profits rose to £760,000 from £145,000 in 2018. With a history tracing back to 1780, Addis Group manufactures kitchen, garden and bathroom utensils among other products for use in the home. The company was previously located at Upper Bank Works on the outskirts of Swansea, with Addis Housewares now located at the Waterton Industrial Estate in Bridgend. The homeware company drew attention to its newest category, bathroom, as a well-performing part of the business. A statement read: “We are pleased to report that 2018 was another year of progress for the Addis business. “Once again, we saw an improvement in our sales and profit. Our service levels remained at 99 per cent and a quality failure rate that almost, did not register. “All product categories in the business grew strongly. It was particularly pleasing to see our latest category, bathroom, show such strong growth. “Within the sales sectors, particular growth was seen in the grocery, general merchants, hardware, garden centres and department stores.” Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News
