2 August, 2006 - 07:35 By Staff Reporter

Universal Salvage returns to profit

Universal Salvage, the Bedfordshire-based car salvage firm, celebrated a return to profit and a turnover increase of 13 per cent as it completed year two of its three-year business turnaround plan.Universal Salvage, the Bedfordshire-based car salvage firm, celebrated a return to profit and a turnover increase of 13 per cent as it completed year two of its three-year business turnaround plan.

Commenting on the preliminary results for the year ended April 29, Universal’s chairman, Alex Foster, said: “Our strategy remains a twofold approach of continuing the process of developing our existing business and at the same time broadening out into other related areas.

“We have the people to drive Universal forward with vision and vigour in the year ahead.”

Turnover reached £56.4m (2005: £49.7m) while profit before exceptional items and tax came to £0.5m, a turnaround of £2.0m on last year’s loss before exceptional items and tax of £1.5m.

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