Profits and turnover up at lubricants and oils firm despite volatile environment


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The Business Desk

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Millers Oils, a long-established manufacturer and supplier of lubricants and fuel treatments, says it has achieved growth in an “extremely challenging” market as it issues its results for the year ended 31 March 2026.

It reports turnover of £30.6m (2025: £28.4m) and pre-tax profits of £2.8m (2025: £2.2m). The Brighouse-based firm employed an average of 116 workers during 2025.

The business’s annual report states: “All lubricant sectors of the business showed year-on-year growth with our International and Automotive sectors being the standout performers.

“The fuel additives sector of the business continued to provide strong results despite an extremely challenging marketplace.

“Like many businesses, Millers Oils has not been immune to the prevailing economic conditions. Inflationary pressure has resulted in the continued rise of the company’s cost base and competition in the marketplace continues to present challenges.

“Competition is fierce – Product development will be a focus, ensuring the company’s offering is continually improved and is able to meet the ever changing requirements of customers.

“Prices and availability of raw materials has always been volatile, but this has now been exacerbated by the Iran conflict.

“However, Millers Oils is not reliant on any one supplier or any one geographical region for procurement of raw materials. This helps greatly in ensuring the security of the group’s supply chain.”

The business, which has been trading since 1887, says it will continue to identify and develop new markets and product offerings, both in the UK and overseas.

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