Production line closure to boost firm's profit

COUNTY Durham electrical appliance manufacturer Ebac expects future years to be more profitable after closing a production line, accounts show.

- COREENA FORD

The company, which makes washing machines, dehumidifiers, water coolers and heat pumps, has published accounts for 2024 showing turnover fell from £17.7m to £15.9m.

In the accounts report, directors said 2024 was "another challenging year" but told how they took action.

The report, signed off by founder John Elliott, said: "The business made the decision at the end of 2024 to close one of its production lines producing loss-making products.

"This has resulted in the write down of fixed assets (£1,038,363) and stock (£814,898) giving additional provisioning totalling £1.8m (closure costs) which were charged in the year.