Acquisitions Start to Pay Off for Thomas Walker

Summary


Specialist engineering group Thomas Walker swung to a first-half pre-tax profit of pounds 304,303 from a loss of pounds 19,335 last year, helped by its new stamping subsidiary.

The Kings Norton-based company, which employs 150 people, said much of the turnaround could be attributed to the integration of two brass stamping businesses. It spent pounds 3 million on Guest Brass Stamping, in Digbeth, and Leslie Brass Stamping in Yardley.

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Acquisitions Start to Pay Off for Thomas Walker

As a result, it saw sales rise 88 per cent to pounds 5.02 million in the six mont...

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