A Warrington-headquartered interior design and fit-out specialist has slipped to a loss on the back of two “very poor performing” contracts. The company also spoke of its move into the high-value residential market, which it said proved to “be a mistake”, as well as its plans to return to profitability.

Claremont Group Interiors has worked on projects for the likes of Shoosmiths, Auto Trader, McDonalds, Liverpool FC, United Utilities and Coca Cola. It employs a workforce of about 130.

For the year to 31 July 2017, the company reported turnover of £49.4m compared to £37.5m the previous 12 months. This was underpinned by the completion of a number of major contracts, with the group having entered the year with an “excellent” orderbook, including its latest scheme to date; TalkTalk’s 100,000 sq ft move to Salford.

However, Claremont slipped to a pre-tax loss of £304,222 having made a profit of £620,777 in 2016.

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