Abacus shines light on profits hike
Three years after Midlands based Abacus Lighting was purchased out of administration in a rescue deal led by Intrinsic Equity, the investment vehicle of Orbis Partners, the business has posted an encouraging set of results for its third year of full trading.
Under the leadership of Steve Lamb, the business has been restructured to close its subsidiary in Dubai, sell off its subsidiary in Shanghai, and reduce its costs base by over £2m. Turnover has increased from £20.1m in 2015 to £21.2m in the year to 30 April 2016. Underlying ea... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
