Engineering business posts strong performance despite major customer collapse
An engineering firm has seen its profits and revenue jump up despite one of its major customers entering liquidation.
In its annual report posted on Companies House, On Line Group, based in Immingham, said its revenues for the year ended 31 March 2019 stood at £41m - a 3.1% rise from £39m. Pre-tax profits rose to £1.4m from £1.2m.
The business said its success was achieved by an upturn in its design, consultancy and project management side of the group.
On Line Group, which provides services to the power, oil, gas and c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...