Global practice declares perfomance robust amid ‘challenging’ trading environment
Broadway Malyan has reported a 4.7% drop in turnover across its global operations in its just-filed accounts for the year to April 30.
The practice – which recently secured planning permission to redevelop the former headquarters of the Birds Eye frozen food empire in Surrey – said gross profit was down 2.8% to £16.6m for the 12 months. Pre-tax profit dropped from £2.4m to £1.7m – a fall of 29%.
Despite dropping to £48.2m against £50.6m the year before, Broadway Malyan’s overall turnover figure masked a small upturn in UK revenue – at £21.5m – and a 25.5% upturn in European revenue to £7.7m.
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