Company Snapshot: Camden Group Ltd
The Camden Group is a family owned business manufacturing UPVC double glazed windows, doors and associated glass panels. The business is based in Antrim.
The most recent results, for the year to March 2009, reflect a fall in activity caused by the recession’s effect on construction.
The change in trading conditions is sharply illustrated in the fall in pre-tax profits of £4.8m in 2007-8 to £84,000 in 2008-9. Operating profits, shown before the deduction of net interest charges, were higher in 2008-9 at £900,000. In the earlier part of the past decade, Camden enjoyed a period of expansion, facilitated both by capital investment within the business and in 2006 and 2007, linked to the purchase of K.McAnallan which was renamed Camden Glass. The expansion in 2006-7 led to the average number of employees rising in 2007-8 to 630 from an average of 385 a year earlier.
Turnover in the Group doubled from £26.7m in 2004 to £55.2m in 2008. More recently, turnover fell by a quarter in the year to March 2009.