Ensor enjoying stellar end to its year
MANCHESTER-based door and gate specialist Ensor Holdings has made significant progress in the second half of its financial year, reporting sales up 18% to £36.1m (2014:30.6m) in its preliminary results for the year ended March 31.
Operating profit is up 84% to £3.4m and earnings per share up 114% to 9.2p, and its dividend is 27% up to 1.9p per share.
“The current year has started well and I am cautiously optimistic about the year ahead,” said chairman Ken Harrison.
“Technocover, our subsidiary which manufactures physical high security products for the utilities sector has finished the year strongly. This year the company has completed large programmes of work particularly for the water industry, which is at the end of its current Asset Management Period (AMP).
“Nevertheless, the company carries a good forward order book into the new AMP period. We have invested substantially into new equipment on the Welshpool site, demonstrating our confidence in the business and markets that the company operates within.
“Our company Ellard, which supplies electric motors, automation and accessories for doors and gates has greatly improved its position within its sector increasing its share of an expanding market.
“Investment into a graduate recruitment programme, new products and planned expansion of the premises occupied by Ellard, have been initiated in anticipation of continuing buoyant markets.”
