HE Simm eyes return to profit after £10m loss

M&E group HE Simm is forecasting a strong end to 2024 for its crucial engineering division after suffering a £10m trading loss last year.
A swiftly implemented recovery plan to streamline management structures and reporting processes with more selective bidding has got the business back on track with a forecast return to profitability.
The rebound strategy also involves a £4m cash injection over this year by the Simm family to strengthen the balance sheet.Gareth Simm, chief execu