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Following a period of comprehensive restructuring and consolidation, Danwood has built a strong platform for growth and is ideally placed to support customers in embracing the evolving workplace of the future…
This year, Danwood has delivered on its commitment to create a solid platform for long-term growth following the landmark refinancing, which strengthened our balance sheet and completed in April 2014. Our full year financial targets have been met, with the final quarter of FY14 seeing the business making record cash profit margins and cash generation. We completed 18 consecutive months of cumulative on-plan profit performance in September 2014.
Danwood has gone from strength to strength in the last 15 months. While it has been a challenging period as the company focused on a comprehensive restructuring programme, there can be no doubt that we have emerged from this process in a much more robust position.
As a huge vote of confidence in our performance as a business, I am proud to confirm that the landmark refinancing of Danwood Group has been completed eight months ahead of plan, underlining our financial backers’ long-term support for the company.