Furniture retailer doubles profit as sales rise 94%

Furniture retailer NCF Living has reported a growth in sales and profit as turnover climbed by over £10m.

According to its latest filed accounts for the year ended 31 March 2022, total sales rose 94.2% to £27.2m from £14m in 2021.

Gross profit increased from £5.8m to £10.3m, while pre-tax profit resulted at £541,000, up from £252,000 recorded in the previous year.

Stated within its report, the company said the opening of its new state-of-the-art national distribution centre in early 2022 allowed the business to service its growing turnover and facilitate the expansion of its store estate and online presence in the future.

“Alongside its store estate, the company continues to invest in its online presence and seeks to grow this channel significantly in the current year and beyond,” NCF said, adding: “Investment in staff remains a key focus, with the company recognising the importance of its people to the day to day running and customer experience.”

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