Accounts filed with Companies House this year show that HTG Trading’s strategy of seeking to widen the range of products and services in its portfolio continues to bear fruit.
Like most of the companies in this list of the 10 largest suppliers by revenue, a healthy proportion of HTG’s £17.3m turnover comes from its service business, but it has also enjoyed “very strong” equipment sales with Scotsman, Taylor and Isa.
The directors note in their business review for 2016 that the weakness of sterling was the main factor in a reduction in gross profit margin from 30% in 2015 to 28.7% last year.
This reduction would have been more significant if it had not been for the benefit of some forward currency contracts and operational efficiency gains achieved during the year, they added.
Overall operating profit for the year reached £1.73m compared with £1.69m the year before as a result of the volume growth achieved offsetting the lower percentage gross margins.
It has certainly remained true to its word, with the warewashing brand Comenda among the newest additions to the portfolio this year.
2016 Vital Statistics
Turnover: £17.36m (+7%)
Operating profit: £1.73m (+3%)
Employees: 90 Ownership: The company is controlled by Taylor Freezer (UK) Limited. The parent undertaking is HTG Investments Limited
Financial year end: 31 September