The company's results along with the mineral extraction industry as a whole have been affected by the
Covid-19 pandemic, from which it has emerged during the financial year presented in this document. The
results for the financial year ending 31 March 2022, as set out within thess financial statements, shows how
the company dealt with the post-pandemic situation in attempting to bounce back from the results of the
previous financial year. In unprecedented times for the whole economy and country the company managed to
steer itself to a recovery from a net loss before taxation of £1,215,455 for the previous year to a net profit
before taxation of £2,101,801 for the current year.This was achieved through having less interrupted
activities throughout the year, higher plant and equipment utilisation and genuine new growth with new
contracts won with both existing and new customers which is shown in the turnover increase of £11,255,211
between this and last year.
|