Hammonds reduced its net debt by more than 30% during the last financial year, according to the firm’s latest limited liability partnership (LLP) filings.
The national firm saw net debt come down from £15.1m at the end of the 2008-09 financial year to £10.3m by 30 April 2010, according to the filings with Companies House. The decrease in debt comes after last year’s filings showed net debt more than tripled to reach the £15.1m figure. Operating profit increased from £31.4m to £35.7m over the same period.
