CP Timber posts pre-tax profits of £1.07m

22 February 2024

UK hardwood importer and distributor CP Timber has posted annual pre-tax profits of £1.07m, according to a statement posted at Companies House in February.

The Hertford-based company, a two times winner of the TTJ Hardwood Trader of the Year Awards, posted a turnover of £29.7m for the year ended April 30, 2023.

The results compare to pre-tax profits and turnover of £2.2m and £36.5m respectively in the previous financial year.

In the accounts, CP Timber said it was making continued investment in new products, was looking to further increase its customer base and trade in a number of different markets.

The company, which has 16 staff, is owned by Chris and Virginia Powell and has strategic stock locations around the UK & Ireland. It focuses on hardwood and specialist softwood products.