Tharsus Keeps Investing in Its Own Robotics Despite a Tougher Year
The Blyth group’s revenue fell to £18.6m after the end of its long-running Ocado work, but its VersaTile system has been trialled with a major grocer.
- Revenue fell from £24.5m to £18.6m, with a pre-tax loss of £1.99m.
- Its long-running contract building robots for Ocado has ended.
- Its VersaTile logistics system has been trialled in a chilled distribution centre.
Blyth-based Tharsus Group has continued to invest in its own robotics technology through a difficult financial year.
Revenue fell from £24.5m to £18.6m and the group recorded a pre-tax loss of £1.99m, following the end of its long-running relationship manufacturing robots for online grocer Ocado.
Betting on VersaTile
Tharsus is now working to turn decades of engineering and manufacturing experience into proprietary products of its own. Chief among them is VersaTile, a logistics automation system that has reportedly been trialled successfully in a chilled distribution environment with a major grocery business.
The Ocado work was a major contract, and the group’s results reflect the gap left by its end. The question for the year ahead is how quickly Tharsus can commercialise its own technology.
