Components supplier grows turnover beyond £100m

Supplier of decorative faced sheet materials, panel components and flat pack furniture, Decorative Panels Group, has reported a growth in sales as turnover surpassed £100m.

According to its latest filed accounts for the year ended 31 March 2022, total sales rose 13% to £108.3m from £95.7m in 2021. Pre-tax profit resulted at £6.6m, up from £5.3m recorded the previous year.

Within its divisions, sales of wood based panel components rose 39% to £39.3m from £28.1m, while revenues of decorative faced wood furniture declined from £42m to £31.2m. Sales of decorative faced sheet materials jumped 47% to £37.7m from £25.6m.

Stated within its report, the company said: “The business continues to review areas where increased efficiency can be achieved. Despite the economy still being challenging the directors believe the business has again performed solidly.”

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