Basildon-based distributor and fabricator Salix Stainless Steel Fabrications has just added its 2019 annual report to Companies House.
In the publicly-available historical filing, during the year ending 30 November 2019, Salix recorded a £7.5m turnover, 10% down on the previous year’s £8.4m.
However, operating profit increased by a huge 80%, from £125k to £225k.
Director, Jayson Ball, wrote in the report: “The directors are satisfied with the results for the year and are confident that, despite current economic conditions, the company will continue to be profitable for the foreseeable future.
“As with many companies the size of Salix, the business environment remains challenging. There is continued pressure on margins as costs have increased more rapidly than revenues. The catering market in the UK is highly competitive and there continues to be downward pressure on prices.”
Salix was formed more than 20 years ago and has designed and manufactured kitchens for some of the country’s top chefs. High-profile UK retail clients, meanwhile, include Tesco, Hummingbird Bakery, Krispy Kreme and Waitrose.
The business employs around 60 members of staff.