S&S Distribution sees turnover slip but better times ahead


 

S&S Distribution saw a 3.2% decrease in turnover in the financial year ending 31 July 2013, but experienced an upturn in fortunes during the latter half of last year. The Kent-based Palletline member saw turnover fall to £7.58m from the previous year’s £7.82m. Pre-tax profit also fell from £175,549 in financial year 2012 to £111,894. That equates to a profit margin for the year of 1.47%, compared to the previous year’s 2.24%. The company’s annual report states: “The majority of […]