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Samuel Heath sales up 8.9%

Samuel Heath has reported that its pre-tax profit has risen to £610,000, with sales up 8.9% to £10.9m for the year to 31 March 2014.

The bathroom fitting manufacturer, Samuel Heath, said its operating profit had almost doubled to £698,000 in the period, compared with £350,000 in 2013.

But chairman Sam Heath emphasised that trading had not reached pre-crisis levels, adding that the Birmingham-based company had been “far more cautious” with its investments, raising £58,000 in profit by disposing of all of its holdings.

Heath said: “We experienced considerable success with most of the new lines launched during the year and there was improvement in some, but by no means all, of our markets.”

However, he added that he expected the current strength of sterling – compared with many world currencies – to have a “detrimental effect” on its sales revenue and profits in the year ahead.


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