Audio and video equipment maker Canford Audio has reported a return to pre-pandemic trading levels as the live music industry recovers.
The Washington-based firm - which has sites in Dorset, France and Dubai - has filed accounts for the year ending October 2022 in which turnover increased more than 30% to £18.9m and operating profit jumped from £960,965 to £1.9m. Most of the firm's turnover comes from the UK, where it supplies specialist equipment to broadcast companies, theatres and venue operators.
Canford said turnover began to pick up particularly after March last year, following a turbulent time for many of its customers in the events market. The return meant trading for the employee trust-owned business was closer to 2019 levels when turnover was £17.5m.
