Fife laundry firm’s revenue steams ahead after reopening Perth factory

Fishers is continuing its recovery from the pandemic despite “significant” cost increases.

Scotland’s The Courier website reported that Fife commercial laundry business, Fishers, saw revenues increase by more than £17 million last year as it reopened its Perth factory.

The Cupar company lost 90 per cent of its trade when the pandemic hit and in May 2020, closed its Perth laundry with the loss of 84 jobs. The post-Covid emergence of the hospitality sector has led to Fishers seeing a revenue rise to £40.8m for the year to December 2022, compared to £23.8m in 2021. Recovery has also meant that the business has been able to reopen its Perth facility, creating 80 jobs.

A spokesperson for the Fife firm said to The Courier website: “Fishers’ 2022 financial results reflect the ongoing emergence of the hospitality sector from the impact of Covid restrictions. “We saw a 72 per cent increase in revenues year-on-year, but significant costs increases, including for natural gas and electricity, had an impact on margins. “This resulted in the company recording a pre-tax loss for 2022, although this was significantly reduced from the previous year.” The firm said it is continuing its recovery in the current financial year, despite trading challenges.

The spokesperson added: “While we continue to face the challenge of severely increased energy costs, we are succeeding in securing price increases to offset these. “This, alongside our disciplined approach to managing our operations, is contributing to a welcome improvement in margins. “We remain committed to supporting our customers and will maintain our important role in the hospitality and cleanroom sectors.” The accounts also show its workforce grew by more than 100 last year. Fishers now employs a total of 685 people across its sites.

Fishers is continuing its recovery from the pandemic despite “significant” cost increases.

Scotland’s The Courier website reported that Fife commercial laundry business, Fishers, saw revenues increase by more than £17 million last year as it reopened its Perth factory.

The Cupar company lost 90 per cent of its trade when the pandemic hit and in May 2020, closed its Perth laundry with the loss of 84 jobs. The post-Covid emergence of the hospitality sector has led to Fishers seeing a revenue rise to £40.8m for the year to December 2022, compared to £23.8m in 2021. Recovery has also meant that the business has been able to reopen its Perth facility, creating 80 jobs.

A spokesperson for the Fife firm said to The Courier website: “Fishers’ 2022 financial results reflect the ongoing emergence of the hospitality sector from the impact of Covid restrictions. “We saw a 72 per cent increase in revenues year-on-year, but significant costs increases, including for natural gas and electricity, had an impact on margins. “This resulted in the company recording a pre-tax loss for 2022, although this was significantly reduced from the previous year.” The firm said it is continuing its recovery in the current financial year, despite trading challenges.

The spokesperson added: “While we continue to face the challenge of severely increased energy costs, we are succeeding in securing price increases to offset these. “This, alongside our disciplined approach to managing our operations, is contributing to a welcome improvement in margins. “We remain committed to supporting our customers and will maintain our important role in the hospitality and cleanroom sectors.” The accounts also show its workforce grew by more than 100 last year. Fishers now employs a total of 685 people across its sites.

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