Anglian reports £3.3m loss
9th January 2018

Anglian Home Improvements is forecasting further impact from Brexit uncertainty after reporting a £3.3million pre-tax loss for the year to April 1.

The announcement comes closely after another major national, Safestyle saw shares drop 19% following a Trading Update that cited ‘weakening demand’ and increasing costs of lead generation among its problems read story.

Anglian reported turnover up to £237million from £214million the previous year despite the loss (£2.959,000 after tax).

The report states of its future prospects: “Clearly in the short term, the UK’s decision to leave the EU the results of the recent General Election will create a dcegree of uncertainty in the economy and indications of reduced consumer spending are being seen. This is likely to impact order levels in the coming year.”

However, the directors manage a brave face in adding: “The strength of the group’s brand, together with its quality products and high service levels will stand the group in good stead in all market conditions.”

The report also adds that the ‘pipeline’ of uninstalled orders rose from £90.6m to £94.8, which it says ‘provides a strong foundation for the future’.