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Bumper year for Woollard

EMPLOYEE-owned Woollard & Henry has enjoyed a bumper year with retained profits of almost £500,000.

The Aberdeen business specialises in watermarking paper and has been owned by its staff since a buyout in 2002.

Documents filed at Companies House show the profit and loss account on the balance sheet going from £2.82 million to £3.31m in the 12 months to March 31 this year.

The company has doubled its workforce to around 46 in the decade since it was bought out while turnover has increased from £900,000 to around £5.5m.

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