Good management, which saw the jettisoning of the new-build factory at Leigh, has meant Tandem owner of the individually profitabe Falcon and Claud Butler brands has radically improved its fortunes
Tandem turns a £5.8m loss into a £71k profit
Closing the Leigh factory saw Tandems turnover fall to £21.2m from the previous years £31.3m.
Sales for the first five months of 2000 are ahead of the same period last year, but demand for lower priced products resulted in a fall in average margins.
[Tandem] appears to be moving in the right direction and at 5 1/4p the shares look good value, believes the Investors Chronicle.
In other news...
The administrators of 2Pure have issued an update following the distributor’s administration earlier this month. …