17 November 2025 - trading update
The leading specialist manufacturer and distributor of steel panel and other designer radiators has issued a disappointing trading update covering the ten month period to 31 October. Activity in the RMI and new build end market has remained subdued not helped by the late date of the Autumn Statement from Rachel Reeves which is causing considerable uncertainty and resulting in customers delaying purchases. The company therefore expects adjusted operating profits of between £32m and £33m for the financial year to 31 December. This would probably lead to adjusted pre-tax profits of £25m for the . . .
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