Kitchenware brand ProCook has slipped to a loss as inflationary pressures squeezed consumer spend.
The Gloucestershire firm reported an underlying pre-tax loss of £0.2m for the year to April - plummeting from a £9.5m profit recorded in the previous 12 months. Revenue was also down 10% year-on-year to £62.3m from £69.2m in 2022.
Bosses at the London-listed retailer, which sells its products through its website and a portfolio of more than 50 UK stores, said the slide reflected lower sales, inflated operating costs and investment in new facilities to drive growth, including a new distribution centre and headquarters in Gloucester.
