Owens Group enjoyed yet another year of significant growth in 2018, with turnover rising 27% to £70.5m. The company said the growth follows a similar pattern to previous years and stemmed from opportunities arising from both existing and new customers. Pre-tax profit for the period ending 30 June 2018 was £1.6m (£2.2m), although gross profit was up slightly to £9m (£8.7m). In its review of the business, Owens Group said margins had been squeezed even further this year as the […]
Owens Group will be forced to close its Port Talbot depot with the loss of more than 90 jobs if Tata fails to find a buyer for the town’s steel works, MD Huw Owens has said.
Recovery in the UK steel sector combined with new contract wins helped boost Owens Group’s turnover by more than a fifth last year.