Turnover up but profit down at Caravan Guard in 2018
Broker highlights strong finances and growing cash position.
Caravan Guard has posted a 2.9% rise in turnover for the year ended 31 March 2018.
The increase built on a 10.2% uplift the year before and took turnover to £8.83m.
Operating profit was also marginally higher rising 0.9% to £2.27m.
However, post-tax profit for the financial year reduced by 8.5% to £1.94m (2017: £2.12m).
Cash
The broker highlighted that the company’s financial position was strong and noted that it had delivered a £1.58m increase in its cash position, reversing a reduction of
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