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Kitchens, bedroom and bathroom cabinet maker Kelvin KBB built EBITDA on a seventh straight rise in sales in the year to end December 2016.

 

Earnings before interest and non-cash depreciation charges advanced three-fold to £594,290 as sales advanced 6.0 percent to £16.5 million last year.


Sales have now risen every year since 2009 for the privately-owned Cumbernauld cabinet furniture business, which supplies the house developer market north and south of the border.


After non-cash writedowns and interest payments, some of which is on loans from its owner, the company narrowed its statutory pretax deficit by 75 percent to £108,146.



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