This week, Warrington based white goods firm Premium Appliance Brands (PAB) has announced strong financial results for 2005 with the news it has achieved record sales and more than doubled its turnover, even in a year that was particularly challenging for the consumer durables market.
The firm, which only began trading in December 2002, recorded a turnover of £11.3m in 2005, compared to £5.6m in 2004.
Guy Weaver, Managing Director of Premium Appliance Brands, comments, “The market for consumer durables was especially tough in 2005 and many companies lost a considerable amount of revenue and business. But, there is always room for growth if you are providing retailers and consumers with a product that is well-designed, stylish, practical and competitively priced.”
Along with sales, 2005 was also a notable year for PAB’s corporate side as the firm moved into its own warehouse in Bolton, expanded its floorspace in Warrington and increased its headcount by over a third from 14 to 23 staff. The Appliance Division of Bernstein Group Holdings was also successfully absorbed into Premium Appliance Brands during 2005.
Guy Weaver, continues, “The company itself has also gained major recognition in the last twelve months, being named by Real Business Magazine and one of its 50 UK companies to watch in 2006 and being awarded the title of start-up business of the year in the Warrington Business Awards.
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“And we are confident of further significant growth in 2006 with the launch of three new product ranges under the White Westinghouse, Cookers and Homark brands which will provide further opportunity for our retailers and distributors.”
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For further information contact Tamsin Deasey at Fido PR on 0161 274 3311 or email tamsin@trustfido.co.uk.