Osborne Achieves Record Profit of £5.2m for 2013-2014 as Order Book Climbs by 63%
Osborne reports a return to profitability in the year to 31 March 2014. The Group has seen a 28% growth in turnover to £325m and has recorded a profit before tax of £5.2 million.
- Turnover £325m 2014 (£256m in 2013)
- Profit before tax £5.2m 2014 ( (£2.6m) in 2013)
- Cash £25.6m (£27.8m in 2013)
As at April 2014, the secured forward order book was £443m compared with £272m a year before (63% increase) and secured orders, plus work under negotiation, was £663m compared with £351 a year before (80% increase).
The end of year cash stood at £25.6m. This is after Osborne invested £5.5m in buying 40,000sqft of office space in Cambridge.
David Fison, Chief Executive; Osborne said: “The great thing about improving performance is that it gives us more time for our customers, so I am delighted that not only have we returned to profit but have also refreshed our customer focus and brand image, which gives us a new vibrant look. We have an inbuilt DNA to care for our customers and we want more customers to be aware of this.”
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