neville johnson fitted furniture

Home interiors group delivers strong results as sales climb to almost £80m

Home interiors specialist BHID Group, which owns furniture brand Neville Johnson and kitchen firm Tom Howley, has reported a growth in turnover and profit.

According to its latest filed accounts for the year ended 30 April 2022, total group sales rose 23.3% to £78.3m from £63.5m in 2021.

Gross profit increased from £29.5m to £34m, while pre-tax profit resulted at £3.5m, up from £1.1m recorded the previous year.

Stated within its report, the group said despite ongoing supply chain challenges, demand was strong as the business continued to benefit from clients increased focus on the home and the continuation of the digital shift where BHID customer demographics have significantly increased their digital activity.

“This shift in digital adoption, together with our focussed digital marketing strategy, is generating higher quality leads that are also more cost effective when compared to traditional marketing activities,” the group said.

The company has increased its outstanding order book from £62m to £75m during the year, reflecting the continued ‘strong consumer demand’ for products.

Part of the group is fitted furniture firm Neville Johnson, which posted sales of £33.2m, a growth of 16.9% from £28.4m in the period. Pre-tax profit resulted at £2.4m, slightly down from £2.7m. Meanwhile, Tom Howley Kitchens saw sales rise 30.2% to £39.6m from £30.4m, resulting in an unchanged profit of £5.1m year-on-year.

Save this article for later

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

Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on telegram
Share on email

Leave a Comment

have you read…

related articles

MORE ARTICLES