Massey Wilcox blames wage costs on profits dip


Latest figures from Massey Wilcox show that it increased revenue by 8.3% but profits fell as it struggled to pass on running costs, particularly wages. For the year ending 31 May 2019, it reported a turnover of £12m, up from £11.1m the year before. Pre-tax profit reduced by 24% to £638,000, with operating profit falling by 16.4% to £811,000. MD Robert Wilcox (pictured) said the company had been successful in attracting new business during the period, but less so in […]