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News » UK » B&K profits rise by more than 50% » published 31 May 2017

B&K profits rise by more than 50%

Bowmer & Kirkland has reported solid financial results for 2016, with a strong rise in profits.

Chairman John Kirkland Above: Chairman John Kirkland

Bowmer & Kirkland generated turnover of £931m for the year to 31st August 2016, an increase of 10% on the previous year.

Pre-tax profit was up 53% to £61.5m (2015: £40.2m).

The accounts show net cash at bank at year-end of £268m, an 8% increase on a year before.

Founded in 1923, the Derbyshire-based company is still owned by the Kirkland family, with 79-year-old John Kirkland, grandson of co-founder Robert William Kirkland, as chairman. The Bowmer family left the company in 1968, but with five Kirklands on the board, including three from the fourth generation, succession planning is in place for continued family ownership.

 

 

MPU

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This article was published on 31 May 2017 (last updated on 31 May 2017).

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