Companies

SHS subsidiary on life support from parent firm as losses increase five-fold

SHS Sales and Marketing's liabilities topped €5 million in 2022

SHS group is one of Ireland’s biggest retail supplier, distributing brands such as Colgate, Nurofen and WKD.

The sales and marketing subsidiary of the retail supplier SHS recorded a loss of €611,000 in 2022, new accounts show - despite a jump in revenues.

Turnover at the firm increased by almost 24 per cent, from €63.6 million in 2021 to €78.5 million in 2022, while its losses increased fivefold from €123,000 in the previous year.

Its liabilities now exceed €5 million.

There were no significant changes in the activities of the company during ...