Carr’s of Carlisle finally publishes delayed results

Carlisle-based agriculture and engineering firm Carr’s Group published its delayed results on Thursday, saying revenue from continuing operations increased 3.3% to £124.2 million and reported profit before tax increased 0.4% to £7.6 million in the year to September 3, 2022.

Carr’s board is proposing a final dividend of 2.85p per share which, together with the two interim dividends, makes a total dividend of 5.20p per share for the full year, up 4% on the prior year.

Carr’s said in January it would apply to have the trading of its shares reinstated when its delayed results were published. The shares were temporarily suspended amid the delay to the publication of its audited results.

On Thursday, the firm confirmed it has applied to the Financial Conduct Authority for the restoration of its ordinary shares “to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange.”

On February 21, Carr’s said said previously announced board changes were “applicable with immediate effect” with Tim Jones becoming non-executive chair, Peter Page becoming CEO and relinquishing the role of executive chair, and David White becoming chief financial officer.

Carr’s also announced on February 21 that Martin Rowland would join its board as a non-executive director on March 6, 2023, as a representative of Harwood Capital Management Limited “pursuant to a relationship agreement between the company and Harwood.”