Good news for Tunstall Johnson Tiles' factory as parent company Norcros reveals 25 per cent increase in pre-tax profits
JOHNSON Tiles' parent group Norcos has posted a rise in sales and profits.
The group said revenue for the year to March 31 reached £200.3 million, up 2.1 per cent from £196.1 million the year before.
Pre-tax profits jumped by 25.3 per cent, from £7.5 million to £9.4 million.
Johnson Tiles employs around 400 people at its Harewood Street factory in Tunstall, while sister firm Norcros Adhesives employs around 35 on the same site.
The group does not reveal separate figures for either firm but it said revenue rose by 8.7 per cent at Johnson Tiles. At Norcros Adhesives sales were up by 17.3 per cent.
Bosses said the companies won contracts with a number of high-profile clients during the year including the Olympic Village, Marks & Spencer, Legoland and Next.
Other highlights of the year included selling the former Johnson Tiles site off Brownhills Road in Tunstall to supermarket giant Morrisons for around £2.6 million, although the deal is subject to a successful planning application.
The Sentinel reported last year that the supermarket chain was planning to build a retail park on the site which could create up to 600 jobs.
Wilmslow-based Norcros also owns Triton Showers in Nuneaton and businesses in South Africa.
Chairman John Brown said: "I am pleased to report another strong performance.
"Good underlying revenue growth was achieved in difficult markets, with underlying operating profit ahead of last year."