Sales fell 12.6% to £100.8m in the year to 31 March, accounts filed at Companies House revealed. Pre-tax profits dropped 84% to £378,083.
MD Sabir Tayub said the business lost sales when M&S Toiletries, which was bought by SERT in 2008, and the company's previous operations moved to a purpose-built 285,000 sq ft site in Derbyshire last June. The two depots had been in Nottingham and Wakefield.
"When we closed M&S we had to move £30m of stock and we lost two months of sales," said Tayub. "We expected the move to be difficult but we didn't expect the snow. That affected trade even worse than the move it was a double whammy."
Tayub remained confident, with his company having more than won back the business it lost in the move. "In the first six months of the new financial year turnover rose to £64m and we hope to finish at £125m, if not more. Profits will be back at previous levels," he said.
Earlier this year, Sert-MST announced a move into licensed toiletries. Tayub said he was now selling 34 lines to independents and expected to announce listings with the multiples in the new year.