Turnover soars for Flowgroup but losses also rise

FLOWGROUP, the developer of efficient energy products, has announced a spectacular 142% increase in turnover to £33.4m (2013: £13.8m).

The Cheshire company’s preliminary results for the year ended December 31, also highlighted an operating loss of £10m (2013: £7.7m), reflecting infrastructure and resource costs “to support business growth and commercialisation”.

Key elements in the Capenhurst-based firm’s performances were the award of CE Certification from the British Standards Ins... For the full story register now for free or login below...