Kitchen furniture firm maintains sales growth in another challenging year

Luxury handmade kitchen furniture business Martin Moore has reported a growth in sales.

According to its latest filed accounts for the year ended 31 March 2022, total sales rose 4.8% to £10.9m from £10.4m in 2022.

Pre-tax losses resulted at £100,000, down from a profit of £474,000 recorded in the previous year.

Stated within its report, the company said: “During the financial year the group continued to feel the effects of COVID-19 as well as the impact of Brexit. The biggest impacts were on supply chains, leading to increases in costs as well as extended lead times for materials and appliances.

“Where appropriate, new suppliers or materials were sourced and stocks were purchased in advance to ensure that clients’ projects could be fulfilled with limited delays. Whilst costs have begun to stabilize, fitting costs have remained high as there was still a need to make return visits to clients because of the extended lead times on certain appliances.

“However, despite these challenges, turnover and gross profit margins have remained steady.”

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