Hargreaves Plants turnover for the year to 31 October 2015 was £4.8m, down from £5.45m in the previous year, with a gross loss of £32,000.
Operating loss was of £629,000, with interest of £80,000 and a loss before taxation of £708,000 with tax refund of £262,000 meaning a loss after taxation of £446,000.
Director Garth Baxtor said: "The company, in light of performance in recent years, has significantly restructured its operations to ensure that they return to profitable trading. This is a mixture of rationalising the product mix and significantly reducing theor exposure to production risks through outsourcing products to contract growers. The directors now project a trading profit for 2016 and future years."
James Petchell and Rupert Hargreaves resigned as directors during the year. Baxtor and Michael Williams are directors.