Furniture division strong at fasteners and components supplier

Fasteners and components supplier Jet Press, which provides its products to various industries including furniture, has reported a growth in sales as turnover climbed towards £10m.

According to its latest filed accounts for the year ended 30 April 2022, total sales rose 5.6% to £9.4m from £8.9m in 2021. Pre-tax profit resulted at £447,000, down from £967,000 recorded the previous year.

UK sales rose 9.6% to £5.7m from £5.2m, while EU sales remained flat at £3m. Revenues outside the EU declined from £668,000 to £601,000.

Stated within its report, the company said that its furniture division showed strong growth in the UK although overall revenues were slightly below its budgetary expectations.

“The last financial year was a period of high re-investment in many parts of our business, which has impacted overall profitability, but has now put us in a strong position for additional growth and productivity going froward,” the business added.

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