Furniture wholesaler grows top and bottom lines

Northern Irish furniture wholesaler Annaghmore Agencies has reported a growth in sales and profit.

According to its latest filed accounts for the year ended 31 December 2021, total sales rose 4.5% to £13.3m from £12.7m in 2020.

Gross profit decreased from £4.6m to £4.5m, while pre-tax profit resulted at £624,000, up from £561,000 recorded the previous year.

Stated within its report, the company said gross profit margin resulted at 36.7% with year end net assets growing from £4.3m to £5.3m.

“Whilst the incoming year is significantly challenging, results to date suggest the company has been able to perform well despite testing conditions,” the business added.

Save this article for later

You can revisit this article if you save it as favourite news!

Leave a Comment


Paul Solly, Chief Commercial Officer at Dreams, talks about the details behind the recent TEMPUR Pro Air SmartCool product launch and their ongoing relationship with...