Bed manufacturer maintains turnover growth

Bed manufacturer Dura Beds has reported a growth in sales although saw profits decline.

According to its latest filed accounts for the year ended 30 November 2022, total sales rose 2.4% to £12.8m from £12.5m in 2021, adding to its growth of 8.6% from £11.5m in 2020.

Pre-tax profit resulted at £121,000, down from £301,000 recorded the previous year.

Stated within its report, the company said that staff costs to sales ratio stood at 20.52%, decreasing from 28.16% last year, while gross profit margin increased at 36.77% from 32.73%.

“In order to remain competitive, profits will be invested into staff to ensure that they are able to respond to advances in the market and customer demand,” the business added.

Save this article for later

You can revisit this article if you save it as favourite news!

Leave a Comment


Peter Harding, Managing Director at Fairway Furniture, shares a deeper insight into the ongoing refurbishment at their flagship Plymouth store....