Furniture supplier sales reach £10m

Furniture manufacturer and supplier Balmoral Furniture has reported another growth in sales.

According to its latest filed accounts for the year ended 31 March 2023, total sales rose 17% to £10.1m from £8.7m in 2022, further adding to its growth of 25% from £6.9m in 2021.

Pre-tax profit resulted at £276,000, down from £312,000 recorded the previous year.

Stated within its report, Moffett and Sons Ltd, trading as Balmoral Furniture, Balmoral Contracts and Moffett & Sons Education, said the continued easing of restrictions related to Covid-19 supported its growth in performance alongside a reduction in market disruption.

Looking ahead, the company added: “Our turnover in the next financial year continues to be impacted by the war in Ukraine and economic crisis. Although we anticipate that turnover will be maintained, we expect that, with continued control over our overheads and raw material costs, a break-even position will be achieved.”

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