Faithdean Plc have enjoyed continued profitable growth over the years, based on the trust and understanding of our clients and their specific requirements. This, and the ability to widen our market place, is reflected in the group’s annual turnover which is currently just under £60 million.
We operate from a secure financial base, with a strong balance sheet and positive cash balances. This position has been achieved by keeping tight control on our costs and debtors and by reinvesting trading profits into the company, only taking dividends when profits allow. This same philosophy has also been applied to the proceeds from the successful sale of our Air-conditioning and Dubai operations.
Based on our latest figures, Dun & Bradstreet and the major credit rating agencies, the group is placed in the top 10% of secure UK companies.
Balance Sheet Chart
The reduced turnover, highlighted in the above graphs, was experienced due to the successful sale of an associated company.
The dotted lines denotes projected figures for the latest tax year.