John Jempson and Son says its latest results are "satisfactory". Company director John Jempson says: "Making more of a profit means we have been able to be slightly more generous in terms of what we can pay staff. "I suppose it's a fairly acceptable set of results but we are always looking to improve."
The Sussex firm's pre-tax profit leapt for the year to October 2006 leapt by 42% to £150,597 in 2006 from £105,814 in 2005. Operating profit rose slightly to £262,119 from £204,376 the previous
year, while turnover climbed by 9% to £11.9m from £10.9m. Wages and salaries grew to £3m from £2.7m the year before.
The company says: "The directors consider the profit achieved on ordinary activities before taxation to be particularly satisfactory given a highly competitive market and the risks from competition." No payment of a final dividend was recommended.
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