Simons Group has posted a 33% fall in turnover for the year ended

The figure was down from 拢221.6m in the previous year to 拢148.7m although pre-tax profit was up from 拢3.3m to 拢3.4m owing to an increase in receivable interest.

The Lincoln-based group said all areas of the business had been affected, and a company statement warned: 鈥淎s our retail clients constitute a large proportion of our turnover, the major commercial risk to the business would be a downturn in the retail market or the loss of a key customer.鈥�

The highest paid director took home 拢152,236, which was up 5% on last year鈥檚 figure of 拢145,223.

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