AB Glass has reported a record-breaking financial year for 2016.
AB Glass’ turnover has risen by 10% for the 2016 financial year peri od. The company’s margin has increased by over 112%, which has been attributed to more efficiency in operations and management systems.
AB Glass has spent more than £3 million on staff and associated costs during the past 12 months, which has included support provided to apprentices and training for employees in general.
Sharron Newton, financial director at AB Glass, said: “Our policy of retaining most of our profits within the company has proved to be invaluable as we build up strong reserves. This approach has allowed us to be able to support increasing levels of working capital, which has given the company the ability to successfully manage larger contracts and provide the platform to continue to deliver substantial projects moving forward.”
Alan Brayley, Managing Director of AB Glass