The Derby based aerospace supplier, Gardner Aerospace, has recorded increased sales of £113 million together with a reduction in pre-tax losses of almost £8 million.

The latest filed accounts for Gardner Aerospace Holdings Limited reveal that the company generated sales of £113m for the year to 31 August 2014, compared with £111m in the previous year.

Pre-tax losses also narrowed to £868,000 from £8.7m in 2013, while net cashflow from operating activities surged to £15.2m from an outflow of £1.6m.

The company attributed growth to the investment made in its subsidiaries during the year, as well as the expansion of its facilities in Poland and India. It also enhanced its UK operations and moved into a £10m facility in Sinfin in June 2014.

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