Clugston Distribution saw sales rise 11 per cent to £10.9m last year, following diversification into new markets, particularly the fuels sector, the group said in its annual results.
It also saw growth of the curtain sider and the intermodal powder operations, countering challenging conditions in some of Clugston’s traditional heavy building materials sectors.
The three new markets now accounted for 25 per cent of the divisions overall business, the group said.
Clugston’s property division also made significant progress on a number of joint venture schemes, including handing over a 422,000 sq ft storage depot at Turbine Business Park in Sunderland for Vantec Europe. The depot was the largest pre-sale warehouse to be constructed in the North East, this century and the first and largest scheme to get underway within the latest round of Enterprise Zone investments.
Overall, the group, whose largest division is construction, increased sales by 30 per cent to £108.7m. Pre-tax increased from £2m to £6.1m
Chief executive Stephen Martin said: “While we expect several of our traditional markets to remain challenging, through our commitment to supporting our customers, we have confidence in our ability to make further impressive progress in 2013”.
Sales up 11 per cent at Clugston
By wpengine
wpengine
This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.
