Home   Kent Business   County news   Article

Printer and copier firm Geerings records fall in profits

Historic printer and copier supplier Geerings suffered a fall in profits amid “difficult market conditions”.

The Ashford-based company, founded in 1903, reported a 10% decline in turnover to £5.4 million in the year to March 2017.

Pre-tax profits were down 32% to £252,000 after a 22% drop in operating profit to £363,000, its latest accounts show.

Geerings supplies printers and copiers as well as other document technology
Geerings supplies printers and copiers as well as other document technology

Chairman and joint managing director William Geering, great grandson of company founder Walter Geering, said “every effort is being made by the company to improve both its profitability and sales by providing high levels of service, quality and innovation to all its customers”.

The business, which employs about 50 people, has a property management arm which trades “for the sole purpose of adding value and selling on”.

It made no property deals during the year “due to poor market conditions”.

Join the debate...
Comments |

Don't have an account? Please Register first!

The KM Group does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.


Terms of Comments
We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules. If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here, email multimediadesk@thekmgroup.co.uk or call 01634 227989.

Close This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.Learn More