Decorating sundries business Bartoline saw sales fall back 10 per cent in the year it was acquired from the founding family.
Private equity firm Endless swooped for the Beverley manufacturer in March 2021, with the company having recorded a turnover of £24.8 million in 2020.
In the latest calendar-aligned period, revenues of £22.4 million were brought in, with pre-tax profits down from a shade under £1 million to £370,000. It specialises in pre-packed solvents, woodcare products, fillers, wallcovering adhesives and other home improvement products.