INSIDER MEDIA REPORTS ON RS CLARE'S 2019 PERFORMANCE

Sales have soared past the £40m mark at a Liverpool-headquartered manufacturer which can trace its roots back to 1748. The company is now eyeing further growth and is expecting to continue making a profit despite the ongoing pandemic.

RS Clare started life as a chemist, druggist and dry-salter during the dawn of the Industrial Revolution. Today, it operates as a lubricant and surface coatings producer and is the parent company of Wilson & Scott.

Its surface coatings division makes and applies anti-skid surfacing and road markings, while its industrial lubricants operation services markets for speciality products in the rail, oil and gas, marine, steel, and automotive industries. The company also has a private label lubricants arm.

For the year to 31 December 2019, RS Clare reported turnover of £41.7m compared to £37.7m the prior period.

Pre-tax profits remained steady, dipping slightly from £5.74m to £5.71m.

During the 12 months, the company expanded its operations with the opening of a new technical centre in Liverpool with further investments lined up for 2020.

David Meadows, director of customer services and marketing, said: “2019 saw continued business growth in all our core markets as we progressed our strategy of expanding our global footprint.  

“Our success is underpinned by our focus on listening to customer needs, working in partnership to then develop value added solutions and anticipating future market trends.

“Performance and quality are never compromised in any of our products and many have the very highest green credentials. Ultimately all of our products are designed to help customers reduce emissions and protect the environment.”

In the accounts, the group also noted that Covid-19 continues to be a “real and present challenge”.

“Profits will inevitably be impacted by the crisis during 2020 and beyond,” it said. “However, it is the opinion of management and the boards that the group has a level of resilience that will continue to deliver profits despite the adverse conditions.”

Read the feature on Insider Media

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