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Record profits at BSS

BSS Group has reported record results with overall revenue up 27.4 per cent to £1.289 billion and profit before tax up 23.3 per cent to £58.3 million.

Gavin Slark, BSS chief executive, said: “'These record results reflect the considerable progress made by the Group.

“We have continued to grow revenue, profitability and market share, with strong cash performance.

“The repair and maintenance market remains resilient and the Group has positioned itself to ensure it is well placed to service growth streams within
that market.

'Our success in gaining market share is underpinned by keeping close to our customers and anticipating market needs. We continue to see growth opportunities.

“Major project work is holding up well, many of our customers have full programmes of work that run for a number of years. The Industrial business continues to benefit from its strong strategic position as a national distributor.

“The outlook remains positive despite a more uncertain economic environment.'

Chairman Peter Warry said in a statement: “The board remain confident the group can maintain momentum despite the anticipated slowdown in the economy. Trade in the final quarter of the financial year was particularly strong.”