Engineering firm in the black for first time in five years

Walsall castings and engineering firm Chamberlin has turned its first profit in five years for the six months to November 30.

The news comes despite revenue at the company dropping from £11m to £8m, reflecting the loss of a contract with Borgwarner. However, this has been offset by strong growth at Russell Ductile Castings and Petrel, alongside initial revenues from new business to consumer E-commerce brands – Emba cookware and Iron Foundry Weights.

The result of this is a profit after tax of £100,000.

Chairman, Keith Butler-Wheelhouse, said: “I am delighted to report that the difficulties of the past 18 months are now largely behind us. The actions taken by the Company in the first half have stabilised the group and delivered a profit after tax for the first time in five years. Chamberlin is now well placed to deliver profitable growth in the second half, driven by a new strategic direction into expanding markets across all our businesses.”