CES UK drives profit growth
Car parts distributor CES UK has reported its "most successful year" to date after increasing pre-tax profits by 18 per cent to £3m.
The company, which operates branches in Cannock, Burton-upon-Trent, Shrewsbury, Stoke and Telford, also increased sales by 13 per cent to £48.4m in the year to 30 April 2011.
CES employs more than 500 people across 18 UK offices.
The company said its success was down to a "change in the mix of products sold and organic growth".
CES UK was founded in 1984 by Howard Warren and Charles Cotton and supplies a full aftermarket range that includes an exhaust and catalytic convertors.
Writing in the company's annual report, the directors of the business said all branches throughout its network grew during the past financial year.
The business said in the report: "We have continued to reinvest our cashflow for future growth. Investment has been accelerated into vehicle fleet, IT systems, telephony, electronic cataloguing and new ecommerce platforms as well as broader product ranges.
"The company continues to have a strong working capital position, this is after significant in the past two years funded from cashflow."
