Luxury British bedmaker Harrison Spinks has reported another year of strong sales and profit.

According to its latest filed accounts for the year ended 30 June 2024, total sales rose 6% to £43m from £40.6m in 2023. Pre-tax profit resulted at £6m, up from £1.4m recorded in the previous year.

UK sales rose 5.9% to £41m from £38.7m, while EU sales decreased from £1.5m to £1.4m. Revenues from the rest of the world registered an uptick of 43% to £579,000 from £404,000 year-on-year.

Stated within its report, Harrison Spinks said: “This was a very strong year for Harrison Spinks Beds, increasing our bottom-line performance through a combination of sales growth, brand development and business efficiency initiatives.

“Sales overall grew 6% across all sales channels, through both our UK channels and internationally. UK sales were bolstered by successful new range launches with all our key customers.

“Our international performance continues to improve, driven by a strategic review, leveraging the strong Harrison Spinks brand story and more tailored product ranges to meet the specific needs of our international customers. Our rest of world sales have grown by over 40% during this period.”

Meanwhile, the components division of the group saw sales decline by 17.5% to £14.3m from £17.3m over the same period. Pre-tax was £1m, consistent with the result of the prior year.

UK sales represented £10.9m, while EU sales stood at £796,000. Revenues from the rest of the world registered £2.5m – an uptick from £1.3m.

“The company has seen a decline in sales for this financial year. This is mainly due to lower machine sales and certain customers seeing a decline in their volumes along with opting for lower value products to get them through a difficult trading period. This led to a challenging time for Spinks, though it managed to maintain its profitability with strict control of costs and a boost from grant income and bank interest.”

Total Spinko group sales for the period stood at £52m, up from £49.9m, with a pre-tax profit of £8.5m, rising from £3.1m the previous year.