Losses have narrowed by more than £5 million at a Tayside fuel pump manufacturer after turnover jumped by almost a quarter.
Newly filed accounts at Companies House show Dover Fuelling Solutions (DFS) turnover rose from £111.8m in 2018, to £138.4m for the year ending December 31, 2018.
Pre-tax losses fell from £10.7m, to £5m over the trading period.
DFS, which acquired the Tokheim brand three years ago, employs more than 700 workers in Dundee.
With the relocation of Wayne’s manufacturing activities from Malmo in Sweden to the firm’s DFS facility in Dundee completed in 2018, last year saw a full twelve months of production from the city.
Commenting in the annual accounts, director Alistair Johnston said: “Revenues have increased year on year principally through the relocations of the Swedish manufacturing activities to the Dundee facility in 2018.
“In addition, the business was successful in a number of key contract tenders during the year, leading to stable revenue generation.”
Mr Johnston said the Covid-19 had not been foreseen as the business moved into 2020, however the reaction by DFS UK management had been “swift”.
He said: “Through Q1, protection of the DFS supply chain was the immediate priority – as a result, enhanced inventory levels were put in place to ensure the continuation of production.
“Focus in March turned to towards the facility and ensuring all staff were safe and government guidance was followed.
“As a result, the facility was reconfigured to ensure social distancing measures were put in place.”
Measures included improved sanitisation practices, one-way systems , regular “fogging” procedures to disinfect the entire site and strict social distancing rules.
Read the full article from Jim Millar on The Courier's Website
Dover Fueling Solutions UK LTD
Fuel dispenser manufacturer, exporting to most EU countries. Manufactured 70k plus dispensers of varying specification across Europe.
