Ideal Heating has turned up the sales temperature once again as it closes in on becoming an employer of 1,000 in Hull.
The boiler and heat pump manufacturer, investing heavily in the city to meet the Net Zero transition, saw turnover hit £383.2 million in 2022, up 9 per cent from £351.9 million. Profits were up 8 per cent from £60.5 million to £65.4 million, with margins slightly squeezed on 2021 levels.
In the strategic report accompanying the calendar-aligned results, director Steven Hairsine pointed to growth in market share as a key driver as records continue to be broken. He said: “Tumover continued to grow …
Read more…….
