EMPLOYEE owned manufacturing firm Woollard & Henry has reported a retained profit of more than £65,000.

EMPLOYEE owned manufacturing firm Woollard & Henry has reported a retained profit of more than £65,000.

The business, based in Aberdeen, also saw its net assets rise from £3.17 million to £3.24m in abbreviated accounts covering the 12 months to March 31 this year.

It is best known for making the dandy roll machines which allow paper to be watermarked for things such as bank notes, passports and cheques.

Along with that it is also involved in design and fabrication works for components, pipes and personnel transfer devices for the energy sector.