Contract furniture maker continues sales growth trend

Contract furniture manufacturer Deanestor has reported another growth in sales as turnover surpassed £20m.

According to the latest filed accounts ended 31 December 2023, total sales rose 16.6% to £22.4m from £19.2m in 2022, further adding to its growth of 35.2% from £14.2m in 2021.

Pre-tax profit resulted at £289,000, down from £560,000 recorded the previous year.

Stated within its report, the company said: “2023 saw an increase in turnover resulting in another healthy operating profit. The increase in revenue was driven by a strengthening pipeline of work with fewer delays to projects than we experienced in FY2022 along with continued success in the PRS/BTR sector.   

“Deanestor’s pipeline of work as of May 2024 currently stands at £30.8m (increasing from £26m as at May 2023). 2024 will see further investment in plant and machinery which will allow us to become more efficient in our operations.

“The future trading prospects of the business are extremely promising due to the current demand within the markets we operate in and the strength of our order book. As a result, we expect to see further growth with increased turnover in 2024 and onwards.”

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