Components manufacturer reaps rewards of restructuring programme

High-precision plastics components provider, Carclo, has hailed substantial progress in HY25 as it issues its half-year results for the six months ended 30 September 2024.

The Ossett-headquartered company has recorded revenues of £61m (HY24: £66.9m), a decrease of 8.9% (7.4% at constant currency) due to strategic exits from non-scalable business.

The Group reported a pre-tax loss of £0.1m (HY24: £2.5m loss), while underlying operating profit from continuing operations rose to £3.4m (HY24: £2.2m).

Frank Doorenbosch, chief executive officer, said: “I’m pleased to report the meaningful progress achieved by the Carclo team in revitalising our operations and focusing on factory specialisation.

“Through continued execution of our restructuring plan, Carclo has reinforced its foundation, ensuring long-term resilience and positioning the business for sustainable growth.

“Our operational shifts-guided by efficiency, specialisation, and valued partnerships with our key customers-act as a catalyst to elevate Carclo’s performance and support sustainable value creation.

“With a steadfast commitment to innovation and excellence, we are confident in Carclo’s trajectory and growth potential.”

The business adds that its cash management has remained strong through disciplined working capital management and capital expenditure control. Refinancing of the group’s debt facilities is expected to complete in quarter four FY25.

Carclo notes the markets for its businesses are stable, providing the company with increasing confidence in meeting its full-year expectations.