A Warrington-headquartered interior design and fit-out business has slipped further into the red on the back of a turbulent two years. However, the company – which placed a subsidiary into creditors’ voluntary liquidation last month – believes it is set for a return to profit.
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 125.
For the year to 31 July 2018, the company reported turnover of £35.9m compared to £49.4m the prior period while its pre-tax losses widened from £304,222 to £556,353.
Writing in a strategic report accompanying the results, Claremont said the turnover drop was as expected after 2017’s results were boosted by a one-off project. It also reduced its involvement in traditionally procured fit-outs, instead concentrating on its key skills of design and interior build.
On the back of this, the order book for the year commencing 1 August 2018 increased from £12.8m to £27.3m.