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.

‘Tried and trusted’ turns a profit for Dundee’s JTC

A JTC Furniture Group lorry. The company is based at the former Timex factory in Dundee
JTC Furniture Group is based at the former Timex factory in Dundee.

A return to “tried and trusted processes” helped Dundee manufacturer JTC Furniture Group return to profit last year.

The company, which manufactures and designs furniture for domestic and business customers, saw its turnover jump by more than £800,000 to £20.2 million for the year ending December 31.

It recorded a pre-tax profit of £428,000, recovering from a £260,000 loss in 2016.

The group is based in the former Timex factory at Camperdown Works in Harrison Road.

It has a secondary manufacturing unit in the Manhattan Works complex on Dundonald Street.

In his report to the accounts, joint managing director Gordon Linton hailed the “significant improvement”.

He said: “2017 was an improved year. The return to tried and trusted processes to get the business back on track resulted in a return to profit showing a significant improvement over the previous year.

“The financial resources available are suitable for the group’s needs.

“Turnover has increased by 4.3% compared to the previous year.

“The gross profit percentage increased to 31.7% (2016 – 28.9%) with distribution costs reducing by 0.5% offset by administrative expenses increasing by 5.1% resulting in the overall improvement of profit.

“Working capital has increased by £93,100 over the year to stand at £4,124,000 while liquid funds have increased by £359,000 to stand at £1,116,000 at the year end.”

Mr Linton highlighted the uncertainties of Brexit as a risk to the firm going forward.

“Common to most manufacturers, a moving marketplace and the movement to source goods from outwith the EU are principal risks and uncertainties facing the group,” he added.

The group had an average of 261 employees in 2016, with 164 involved in the joinery manufacturing process and the remainder in sales and administration.

JTC remains in the control of the Chalmers family, who founded the business in 1986.

rmclaren@thecourier.co.uk