Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Arbroath components firm Interplex PMP swings back to profit

A component being produced by Interplex PMP's Arbroath premises.
A component being produced by Interplex PMP's Arbroath premises.

Major Arbroath employer Interplex PMP invested more than £1 million in new plant and machinery last year as it swung back into profit.

The Angus firm’s principal activity is manufacturing components for the automotive and electronics industry.

In the financial year ending June 30, sales increased more than 20% from £13.7m to £16.5m.

Pre-tax profits for the year were £791,392 compared to a loss of £55,875 in 2017.

In her strategic report in the accounts, director Jocelin Soon Swee Har said she was “very pleased” with the company’s performance.

“We generated increased sales in the period of £16.5m deriving mainly from our exports in the automotive market, where we maintain a strong presence,” she said.

“To remain competitive the directors recognise that fresh investment is necessary and in the period under review the company invested £1,118,058 in new plant and machinery.

“Whilst still maintaining a strong presence within the automotive sector, further diversification has been secured in the period as we moved into the telecommunications sector.

“We are satisfied with our liquidity position despite our significant investment in new plant and machinery.

“The company has maintained its excellent reputation for service levels and quality in the market and continues to develop alliances with existing and new customers who recognise the unique advantages of our company and people.”

The results follow the company’s disposal of its tool-making division located in High Wycombe in October 2016 in order to refocus on the company’s core principal activities.

Interplex PMP is part of the Singapore-headquartered Interplex group which has 13,000 employees across 30 locations in 14 countries.

The Elliot Industrial Estate firm was less impacted by foreign currency fluctuations during the financial year, with exchange rate losses of £81,279 against a £392,799 deficit in 2017.

“The directors are optimistic about our prospects for the year ahead despite the uncertainty within the UK surrounding the political decision to leave the EU,” Ms Soon Swee Har added.