Pre-tax profit has been on the rise for an Inverness helicopter firm
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Pre-tax profit has been on the rise for an Inverness helicopter firm.
It came despite PLM Dollar Group – which is based at Dalcross Industrial Estate and trades under the names PDG Aviation Services and PDG Helicopters – experiencing a drop in turnover in its latest accounts.
At the end of the year ended September 30, 2021, it owned and operated 16 helicopters.
Offering a range of aviation charter and related ancillary services, a strategic report accompanying the firm’s latest accounts stated: “Since March 2020, the spread of Covid-19 has impacted the UK and Irish economy.
“The measures taken to contain the spread of the virus have resulted in serious disruption to businesses.
“The directors consider the performance of the company for the financial year to be good in what has been a challenging year.”
It went on: “The company benefits from a number of long-standing relationships with its suppliers and customers.
“All these relationships are the focus of significant management attention at
all levels of the organisation to maximise opportunities and minimise any adverse impact of the financial
performance of the company.”
Pre-tax profit increased from £1,812,910 in 2019/20 to £2,225,857 in 2020/21. For the same period, turnover moved from £15,498,300 to £14,318,501.
A directors’ report alongside the accounts stated: “Over the next year the directors anticipate that the business will continue to grow with further investment into camera systems, other aerial sensor technology and a new data management portal. Part of this investment has been delayed because of the Covid-19 restrictions.”
The firm’s average number of employees dipped from 92 in 2019/20 to 82 in 2020/21, while staff costs decreased from £4,170,238 to £3,968,634.
The firm is monitoring Brexit-related matters closely and says it “will continue to develop plans to mitigate any operating disruption caused”.
The company is a subsidiary of Osprey Aviation Services.
