Turnover jumps at MCE as post-tax profit slides
Directors confident in facing challenging year ahead.
M C Edwards has revealed a 34% increase in turnover to £23.13m for 2013, up from £17.24m in 2012.
However, according to accounts filed at Companies House, the motorcycle-specialist broker saw post-tax profits fall by over 60% to £4,249 in the year to 31 May 2013, down from £11,054 in the previous 12 months.
The decrease came despite operating profit rising to £59,079 (2012: £16,042).
Challenges
In the directors' report MCE, which recently changed its name to M C Edwards, admitted that it had
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