Forgemasters narrows losses after major turnaround
Historic company Sheffield Forgemasters has turned its performance around in a breakthrough year, narrowing losses by more than £6m.
Last year it posted pre-tax losses of more than £7.6m, narrowed from the year before when the firm posted £10.6m in losses.
Now, Forgemasters has reported that pre-tax losses have narrowed by £6.7m to £900,000.
Though its results have not yet landed at Companies House, the company said that revenues were in line with those of last year, at around £73m. Revenues reached £72.8m last year.
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