Moorhouse Group profit falls for the second year

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Moorhouse Group published its financial reports for 2018 on 4 July, calculated for the year ending 30 September 2018.

Turnover dropped to £6.22m in 2018 from £7.50m in 2017 and £10.77m in 2016.

Pre-tax profit fell 14% to £500,000 in 2018 from £570,000 in 2017.

Moorhouse had previously made pre-tax profit of £709,000 in 2016.

Explanation
It was the second consecutive year of disappointing results for the company, despite chief executive officer Lyndon Wood having predicted a return to growth

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