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March 2010HPS Heating Plumbing Supplies Limited is delighted to announce another year of record sales for 2009.

HPS Heating Plumbing Supplies Limited is delighted to announce another year of record sales for 2009. Sales were up on 2008 by 8% to £33,334,000, profits were slightly down (£1.2M) reflecting the tougher market conditions and that despite a difficult year HPS has continued to invest in branch expansion with another four branches opened during 2009 at Ashford, Christchurch, Lymington and Poole. A further branch has already been opened so far this year (2010) in Chichester, West Sussex. A full copy of our 2009 accounts can also be viewed here. "I am delighted to announce these results which confirm our growth at a time when many merchants have seen a reduction in turnover. This further strengthens our position as the main independent alternative to the national merchant groups across the South. I am confident we can expect to see growth in our sales and profits this year, In addition we will continue to invest in new branch expansion when we come across suitable opportunities as well as further developing our existing web sales. We also anticipate a rapid increase in sales of renewable products over the next eighteen months and are looking to position ourselves accordingly". Peter J. Wilson Sales Director

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