close

Pride profits grow six-fold as mobility firm’s annual accounts show turnover at £17.9m

Pride Mobility

Pride Mobility’s annual accounts for year-ended 2019 make for positive reading for the firm and those involved with it with information published on Companies House showing an increase in both profits and turnover.

Turnover increased from £14.5m in 2018 to £17.9m in 2019, highlighting the company’s growth across the market.

This came while profits also increased. Gross profit was up from £2.6m in 2018 to £3.3m in 2019, an increase of around £700,000.

Story continues below
Advertisement

Operating profit grew six times over, rising to £442,752 in 2019 from £70,732 the year before.

It is worth noting that these are historic accounts that represent financial performance up to the end of 2019.

They do not take into any developments in 2020, when the coronavirus pandemic has impacted the industry.

This year, Pride was keen to outline its expansion to the trade and did so with an aerial video of the facility.

The building, in Bicester, now includes more than just a showroom and will serve as a UK headquarters for the company.

The facility also includes a large workspace including a build area for its powerchairs, a staff and dealer training centre, and ample storage space for the company.

Pride recently published a video of the new building made with the help of Oxfordshire Drone Filming.

The footage shows Pride’s new “clean and modern facility” now and during the construction process.

Click here to watch the video.

Tags : financial reportfinancialspride mobility
Alex Douglas

The author Alex Douglas

Leave a Response