Bloor Investments, based in Measham and the parent company for Bloor Homes has reported a dip in turnover and pre-tax profit.

But the company has said that it is in a "strong position" to benefit from improving market conditions, reports Insider Media.

The company is led by Derbyshire-born John Bloor, who founded Bloor Homes in 1969 before acquiring the Triumph brand in the 1980s.

Turnover for the year to 30 June 2020 dipped to £1.5bn, down from £1.6bn in 2019.

Pre-tax profit also fell to £122m, down from £192.3m.

A statement signed off by the board said: "The group is in a strong position to benefit from the opportunities for growth in improving market conditions.

"For the foreseeable future, the landscape of the UK housing market will remain uncertain, in terms of both demand and values.

"Trading conditions for the motorcycle industry are expected to remain challenging with the global economic uncertainty caused by Covid-19 and continued constraints of consumer credit lending and individual spending.

"The group is focused on design and technical investment for the range of new products which are to be sold in various geographical markets in the future."