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Llewellyn stuck in the doldrums

Finance

PRE-TAX profits at the Sussexbased contractor Llewellyn Management Services crept up last year but operating margins remain well below the industry average.

Results filed at Companies House show operating profits of £354,466 from Llewellyn in the year to September 30, 2000 against £274,881 in the previous 12 months.

Turnover crept up to £107.2 million from £104.6 million last time.

This gave the company operating margins of 0.3 per cent, which is up from 0.25 per cent in 1999 but well under the industry average of about 1.5 per cent.

Pre-tax profits at Llewellyn edged up to £490,583 last year from £479,024 at the same stage a year ago.

Wages and salaries at the group increased 13.5 per cent, as the workforce rose from 483 in 1999 to 494.

Llewellyn spent £10.9 million on wages and salaries last year, compared with £9.6 million in 1999.

The highest paid director, who is not identified in the accounts filed at Companies House, was paid £102,214, compared with a remuneration of £87,815 in the preceding year.