Fabrics supplier grows sales beyond £20m

Fabrics supplier Abraham Moon & Sons has reported a growth in sales as turnover surpassed £20m.

According to its latest filed accounts for the year ended 31 December 2022, total sales rose 25.5% to £22.6m from £18m in 2021.

Pre-tax profit resulted at £983,000, up from £907,000 recorded the previous year.

Stated within its report, the company said that its apparel fabric division had a strong year, while profit rose 8% as raw material and labour costs increased.

The business added that stock levels remained broadly consistent with the prior year, increasing by less than 1%.

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