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19/08/2013

Filshill encourages support from banks

Today’s Group member J.W. Filshill is urging banks to help to support independent retailers after their year profits were affected by debts.

filshill

A massive 70% drop in pre-tax profits was reported to £272,000 with sales down 2% in the year to 31st January.

“Many of our customers’ competitors are pricing at extrememly fine margins and often below cost, it is a problem that is not going to go away” reports Managing Director Simon Hannah, “With plans for Morrisons to also move into our sector, our customers are more in need of help than ever.”

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