The Stonehouse-headquartered company, which last month announced it was making up to 250 redundancies, said it has a new vision for the business and growth plans stretching to 2030 - with strong sales this year.
It comes as Princess Yachts Ltd's newly published annual report and accounts show that in 2023 its revenue leapt by £20m to £310.5m but it made a loss of £24.5m. EBITDA (earnings before interest, taxation, depreciation and amortisation", a measure of profitability used to judge a company's performance, slumped by £11.2m from the £13.3m loss it recorded in 2022.
But the company, which employs more than 2,000 people, has stressed that the business has a strong future and said the 2023 results reflected a year marked by severe supply chain disruption. Bosses said the problems severely impacted the company's ability to return to stable and efficient production levels and fulfil an otherwise strong forward order book.
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Denne historien er fra January 07, 2025-utgaven av The Herald.
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Brits Harris and Jones go through
Fran Jones and Billy Harris advanced to the second round of Australian Open qualifying, but three more British players suffered defeats at Melbourne Park.
'Bionic Man' Ben goes under the knife
England Test captain Ben Stokes has dubbed himself \"Bionic Man\" after undergoing his latest hamstring operation. Stokes tore his left hamstring during England's final game of 2024 in New Zealand, requiring surgery and a three-month lay-off from competitive cricket.
England wing Feyi-Waboso ruled out of Six Nations
RUGBY UNION England wing Immanuel Feyi-Waboso will miss the entire Six Nations because of the dislocated shoulder sustained on club duty for Exeter last month.
Refurbishment is boost for furniture retailer
FAIRWAY'S AIM WAS TO CREATE A TRUE 'DESTINATION STORE'
ICC must 'deliver own rules' on England game
Downing Street has called on the International Cricket Council to \"deliver on their own rules\" as the England team resists pressure to boycott their forthcoming match against Afghanistan.
THE TOP FITNESS TRENDS OF 2025
STAYING ACTIVE IN THE NEW YEAR COULD BE A WHOLE LOT EASIER IF YOU GIVE ONE OF THESE EXERCISE REGIMES A GO.
Waterstones planning big UK expansion
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Iconic motorcycle brand Triumph hit by China downturn
TRIUMPH, the iconic motorcycle brand, has seen its profits stall due to an economic downturn in China and a drop in sterling's value.
Refurbishment is boost for furniture retailer
ONE of Plymouth's best-known family businesses has revealed its new look, following the \" £1.5 million refurbishment of its flagship store.
Farage insists he can win Musk over
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