J&J Denholm, founded in 1866 as a Greenock shipping company, has reported pre-tax profits of £13.3 million across its Glasgow-based empire now spanning shipping, logistics, seafoods, and industrial and oilfield services.
J&J Denholm, founded in 1866 as a Greenock shipping company, has reported pre-tax profits of £13.3 million across its Glasgow-based empire now spanning shipping, logistics, seafoods, and industrial and oilfield services.
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SIMON BAIN
The rise of £3m on the previous year is revealed in the latest Companies House of the group chaired by John Denholm, descendant and namesake of the company's Victorian founder.
Operating profits were up by 30% to £15m, but only thanks to a tax-free gain of £12.3m on the sale of the group's interest in Northbay Fishing Company. That obscured a £3.3m loss on a cable-laying contract in Gambia which ran into "severe difficulty" and a £1m decline in oilfield profits.
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