Fitted furniture supplier posts £4m profit

Fitted kitchens and fitted wardrobes supplier Sigma 3 has reported a growth in sales as turnover climbed towards £30m.

According to its latest filed accounts for the year ended 30 September 2021, total sales rose 37.5% to £28.3m from £20.6m in 2020.

Gross profit increased from £9.1m to £13.6m, while pre-tax profit resulted at £4m, significantly improving from its £1.2m profit recorded the previous year.

Stated within its report, the company said sales growth was due to reduction in restrictions arising in response to the Covid-19 pandemic.

Gross margin increased ‘marginally’, Sigma said, which was due to the increase in productivity.

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