Helm Godfrey defiant in face of 34% profits slump

The company made £335,000 in the first six months of 2008, it says, down from £507,000 in the same period in 2007 and a marginal drop of 3% on the equivalent six months in 2006. Helm Godfrey also reports a turnover of £3.1m to 30 June this year, 16% down from the £3.7m figure in 2007 but 11% up from turnover in H1 2006. Managing director Bruce Wilson says the company’s focus on profitability rather than turnover has helped it keep the credit crunch at arm’s length. “Despite experiencing some of the worst economic conditions we have ever seen as a business our first half figures have h...