Components supplier maintains strong turnover growth

Supplier of decorative faced sheet materials, panel components and flat pack furniture, Decorative Panels Group, has reported a growth in sales as turnover surpassed £110m.

According to its latest filed accounts for the year ended 31 March 2023, total sales rose 6% to £114.8m from £108.3m in 2022.

Pre-tax profit resulted at £5.8m, slightly down from £6.6m recorded the previous year.

Within its divisions, sales of wood based panel components rose 3.5% to £40.7m from £39.3m, while revenues of decorative faced wood furniture increased 11.2% from £31.2m to £34.7m. Sales of decorative faced sheet materials also rose 4.2% to £39.3m from £37.7m.

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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