OXFORD: Electronics and maintenance products supplier Electrocomponents has revealed a surge in its fortunes.

Bosses at the firm, which employs more than 90 staff at its headquarters on the Oxford Business Park, reported pre-tax profits of £122.3m for the year ended March 31, a rise of seven per cent on the same period last year.

Annual turnover also rose to £1.267bn, also a rise of seven per cent and a record for the company.