The end of the Covid-19 pandemic's height led to a near £100m drop in turnover at a provider of PPE to frontline workers, it has been revealed.
Woolston-based Crest Medical enjoyed a spike in its turnover from £50.7m to £150.7m in the 12 months to March 31, 2021, as the pandemic hit the UK. That led to it posting pre-tax profits of £7.1m, up from £37,229.
However, as the need for PPE declined in the year to March 31, 2022, the company's turnover dropped to £54.9m while its profits totalled £764,417.
