Wilding Office Equipment Plc reported disappointing figures with pre-tax profits struggling to grow by 7%. Such results are being blamed upon the general slowdown of the economy and Wilding’s own heavy development programme. This programme has seen recent acquisition activity, the largest of these being the office furniture company Open Plan. Wilding has also opened five new shops, with three further outlets being announced in the next few months, while the commercial sales force has expanded by 10% to 129 during the past six months. Terry Wilding, the company’s managing director said that these results meant it would not make as much progress this year as anticipated, but longer term prospects are very good.
