County Durham white goods business Pacifica Group has bounced back to profit to trigger investment in staff and training.
The Houghton-le-Spring home appliance repair specialist has published accounts for the year ending March 31 2022, showing a turnover increase of 18% to £61.4m, and total profit for the year of £17.6m, a return to profit from the previous year’s loss of £1m. The prior year’s operating loss of £841,932 was also converted to profit of £17.6m.
The growth allowed it to expand by adding over 100 staff member across its operations, while also investing more than £1.5m in an engineer trainee programme. Directors said the year’s strong performance builds on the momentum generated in the previous year; growing its UK market share and gaining customers from key competitors.
