Camden Group also saw a drop in pre-tax profits for the year ending 31 March 2025, going down to £1.3m.
The firm was founded in 1983 by Ciaran Lavery, and remains a family-owned business, headquartered on the Steeple Road Industrial Estate in Antrim.
The strategic report that precedes the accounts describes the firm’s principal activity as “the manufacture of uPVC double glazed windows, doors and associated glass products”.
It also owns a fleet of more than 40 trucks in order to carry out deliveries across the Northern Ireland, the rest of the UK and the Republic of Ireland.
In the 12 months leading up to the end of March this year, Camden Group had a turnover of £43.9m, a 9% fall from the 2024 figure of £48m.
Cost of sales declined by a similar level, dropping by 12% from £33.9m in 2024 to £29.7m in 2025.
Administrative expenses went up slightly in the period, seeing a 7% rise from £11.4m to £12.3m for this year’s accounts. Interest payable went down in the period with a 24% dip from £807,000 to £614,000.
Overall, this reduction in incomings and slight rise in some costs contributed to a fall in pre-tax profits for the company in 2025. It made a pre-tax profit of £1.3m this year, down about a third from last year’s figure of £1.9m.
Commenting on the year’s accounts, the strategic report says: “The directors consider the results for the financial year and the position of the company at the financial year end to be satisfactory and in line with expectations despite prevailing economic and market conditions.
“The directors are committed to the long term creation of shareholder value by increasing the company’s market share through organic growth.
“While the incoming year is likely to be very challenging both because of increased competition and the general economic climate, early results are satisfactory and the directors will closely monitor current performance.”
The balance sheet shows the company owns £4.6m worth of stock, similar to last year, while money owed to it by debtors has gone up by 58%, jumping from £4.8m to £7.6m. This year’s figure includes £1.6m owed from the director’s loan account, and £1.1m from other debtors.
Camden Group owes £10.4m to creditors due within one year, up from £8.9m last year.
It employed 5% more staff per month on average last year, going up to 432 from 410, and it spent £14.7m on staff costs in the period, an increase of 11% from the £13.3m spent in 2024.
Camden Group in Antrim makes products including windows
News Catch Up – Wednesday 17 December
The strategic report describes the key risks and uncertainties facing the firm as including “the current economic environment, competition from other companies of the same trade, supplier stability, employee retention and franchise support”.
“The risks are addressed through not being overly reliant on any one supplier, strong customer service and sales support as well as investment in its people and facilities,” it said.