Accrol, the AIM-listed Blackburn-based tissue and toilet roll maker, said it is well positioned for the future, after announcing results for the year to April 30, 2022, today.
Revenues increased from £136.6m in 2021 to £159.5m this year, while the pre-tax loss of £2.5m was a reduction on the previous year’s £3.1m loss.
The group has achieved amended and extended banking arrangements to August 2024, providing 25% additional headroom, which demonstrate continued confidence in the group’s operating performance and support the board’s growth ambitions, it said.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes.