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THE FINANCES
Page 63
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Financial analysis specialist Plimsoll Publishing provides hard business details about a host of industrial sectors, including road transport.
Senior analyst Kevin Solomon reckons CS Ellis is doing OK. "It does not seem to be having too many problems," he says. "Trading stability is good, the company is performing well."
The profit margin dropped 1% between 2004 and 2005 -"a very marginal drop" says Solomonbut this was offset by an increase In turnover over the same period, from E7.04m to E8.07m.
The company's fixed assets property, trucks and other hardwarerose Elm during the same period. "Immediate liquidity is also improving, meaning that the business is improving financially," Solomon adds. "It takes. into account the assets and liabilities of the business."
Ellis adds that the company has built on this performance over the past year.