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Salix maintains positive earnings despite Covid

Salix allstaff photo crop
Salix is headquartered in Basildon, Essex.

Kitchen design house and fabricator Salix Stainless Steel Fabrications has brought its financial reporting up to date with its latest annual report.

The document, now publicly available on Companies House, shows for the first time how the Essex-based firm fared during part of the coronavirus-impacted period.

In the 12 months to 30 November 2020, the company generated £5.3m in turnover, which represents a 29% decrease on 2019’s £7.4m.

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Likewise, operating profit slid by 54%, from £225k to 2020’s figure of £104k.

However, MD Jayson Ball elaborated: “Despite a fall in turnover due to the unprecedented impact of the Covid-19 pandemic, Salix is pleased to announce that the company was still able to maintain a positive EBITDA and a post-tax profit.

“The company was quick to react to the impact of the pandemic, maintaining margin and implementing several cost-cutting programs. The company has gone into 2021 with a strong order book reflecting the strength and quality of our products and the skill of our employees – this is despite the ongoing effects of the pandemic and a global shortage of materials.”

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.

Tags : businessdealerdistributorfinancial resultsfinancialssalixSalix Stainless Steel Fabrications
Clare Nicholls

The author Clare Nicholls

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