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Profit after tax up 34% at Moorhouse in 2016

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According to the broker 2016 saw it develop both its direct and wholesale businesses “driving top line income”.

Moorhouse Group has reported a 34% jump in profit after tax of £595,000 for the year ending 30 September 2016, according to a filing at Companies House.

Its profit after tax was up on the £443,000 it posted the previous year.  

The company said it was in a “sound financial position” with a clear business development strategy and a strong team in place to deliver the plan.

Turnover jumped to £10.77m (2015: £7.77m) and administration expenses increased from £1.46m to £1.65m in 2016.

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