Turnover to May 2005 was £76.9m (€112m) versus £78.3m (€114m) the previous year. Pre-tax profit also fell by £0.6m (€0.9m).
This represents a 2% reduction in turnover, which Ainscough says resulted from its objective to squeeze out unnecessary capacity rather than chase revenue for revenue’s sake.
Ainscough financial director Neil Partridge told Cranes Today: “This year turnover is likely to be down again in a somewhat more competitive market place and margins are also under pressure in view of increasing costs such as labour and fuel.”
He added: “Nonetheless, our prospects remain relatively encouraging and we are maintaining our strong market leadership position.”
