Yorkshire mobility dealer Clark & Partners, which has 10 stores, recorded a strong period of sales last year by achieving more than £10m in turnover, an increase of around £360,000 on the previous period.
But wage and cost pressures dented gross profits by 18% to £1.9m compared to the previous year, according to accounts filed with Companies House this month. After tax, total profits reached £130,000 compared with £195,000 the year before.
The figures, for the 12 months to 31 December 2016, reflect a continuation of the pressure associated working for the public sector, according to the company.
However, Clark & Partners’ directors said that private sector sales were generally robust during the period and have improved in some areas.
In their strategic report of the business, the directors of the company stated that the loss in profit reflects the wage and cost pressures it experienced, comparable with most businesses working in similar market sectors. Overall, they believe the company achieved a “sustainable” performance.
“The business faces the same risks common to a typical SME including the potential for impact, positive or negative, associated with the UK’s exit from Europe,” the directors said.
Clark & Partners runs an e-commerce operation offering a range of mobility products and is a major player on the retail scene in the Yorkshire area.
Earlier this year the retailer came to the rescue of a Sheffield Shopmobility service, which had its £14,000 lifeline withdrawn. Clark & Partners opened a showroom in the Moor Market to ensure local residents were able to stay mobile.