Poole firm records £9.1 pre-tax loss in year to July 2009, after seeing £17.8m profit in 2008
Sunseeker recorded a pre-tax loss of £9.1m in the year to July 2009, despite seeing an increase in turnover from £293m to £303m, accounts filed with Companies House show.
The bulk of the losses – £6.8m – came from Sunseeker having to absorb costs incurred by Sunseeker Sales Group in order to “protect the Sunseeker brand and the commercial interests of Sunseeker International”.
Despite this, the company still recorded a trading loss of £1.9m for the year, compared with a pre-tax profit of £17.8m in the year to July 2008.
Sunseeker was also squeezed by movements in exchange rates, which forced gross profit margins down by 5.3 percentage points to 11.1%.
The company didn’t stand still in the face of this loss, however, and invested £9m on capital expenditure, including £6m on new moulds.