Fit-out specialist Styles & Wood returns to profit

摘要

Styles & Wood returned to a pre-tax profit in the 2014 calendar year, the specialist fit-out firm has announced, writes Louise Dransfield. In full-year results, Styles & Wood posted a £579,000 pre-tax profit for last year, compared to a £515,000 pre-tax loss in 2013. The firm said that with £1.4m of exceptional non-recurring costs stripped out - including £349,000 for restructuring and redundancy costs - the firm achieved underlying pre-tax profit of £2.1m in 2014, tripling the £0.7m underlying pre-tax profit the previous year. Group revenue was up 3.2% to £97m for 2014. Styles & Wood's order book hit £103m this May, the firm said, significantly up on the same point last year.