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Report on Trading over the first two quarters of 2014
Thursday 21st August 2014
The Cleaning Services Group Ltd started trading as such in March 2008 and in this first year managed to effectively break even. 2009 -2010 saw us suffer from the massive downturn in the economy as the recession really started to take its effect on businesses. In that financial year we saw our turnover drop by just under 8% which led to us making a relatively small loss. 2010 - 2011 the economy leveled out and we managed to increase turnover back to the 2008 level and 1.5% beyond that, consequently we were back into profit and covered our losses from the previous year. 2011 - 2012 saw the economy beginning to grow and we took advantage of this widening our customer base to bring about a very dramatic 98.5% increase in our turnover. So effectively doubling our turnover from the previous year. This of course led to us producing relatively healthy profits for the first time. 2012 - 2013 we were unable to replicate this dramatic upturn and the company only grew by a very modest 1.3%, but it still did grow. 2013 - 2014 we saw a sharp rise once again as we took on new clients within the construction industry and managed once again to nearly double our turnover accompanied by an equally impressive rise in our profitability; the actual growth figure for this particular financial year was 91.6%.
Again in the current financial year we have not been able to get close to that growth figure, but have seen a more sustainable level of growth over the past two quarters of 16.7%. If we were to obtain one more refurbishing company and one more modest national cleaning contract then we should be able to boost that growth figure to around 25% over the next two quarters, with a view to again approaching a doubling of our growth over the next financial year.