STEAM cleaning specialist Proventec saw full year losses tumble, it revealed today.
Pre-tax losses at the Liverpool group were £1.1m for the year to September 30, compared with £5.45m the previous year.
Revenues were £3.78m, down from £4.74m, which reflected the disposal of the janitorial supplies business Contico Manufacturing.
Chairman Michael Hough said: “Trading remains difficult, but we are encouraged by the number of inquiries for industrial dry steam cleaning systems, following the successful implementation of two major industrial contracts in the food manufacturing sector.
“The board expects this to be a key area of growth for Proventec.”
Chief executive David Chestnutt added: “The group’s trading results for the year ended September 30, while disappointing, have been affected by the continuing reorganisation of Proventec which is now nearly concluded.”
The business originally targeted the healthcare and hospital sector to eradicate ‘superbugs’ such as MRSA and Cdiff, but is now diversifying into the food manufacturing sector.