Successful Fraserburgh trailer maker Gray & Adams has increased its profits by near twofold for the year ending April 26, 2024, in spite of a “difficult period.”
The engineering company experienced a profit surge to £18.6 million, as reported by The Press and Journal.
In the announcement of their most recent financial results, the firm disclosed that the pre-tax profit figure, which rose from £9.4 million the prior year, marks the highest level in the 21st century.
MD James Gray commented:
“We continue to build for the future with a multi-phase investment project in Fraserburgh.”
“This has seen the completion of a brand-new vehicle accident repair centre, and the renewal of several large pieces of plant, so that we can ensure our workshops continues to operate smoothly into the future.”
Gray & Adams refrigerated trailers are utilised by numerous supermarkets such as Tesco, Sainsbury’s, Asda, Morrisons and Aldi throughout the UK to deliver essential food supplies to retail locations. The thriving financial results come even in the face of supply chain challenges brought on by the conflict in Ukraine.
