The group behind furniture mobility specialists Oak Tree and Middleton’s has reported a growth in sales and profit.
According to its latest filed accounts for the year ended 22 August 2021, total sales rose 68% to £35.9m from £21.3m in 2020.
Gross profit increased from £7.2m to £12.2m, while pre-tax profit resulted at £1m, significantly improving from its loss of £1.6m recorded the previous year.
Stated within its report, the company, which specialises in riser recliner chairs and adjustable beds, said both its divisions saw growth, with Oak Tree sales up 44% to £24m and Middleton revenues rising 52% to £11.7m.
The company implemented a new direct sales division within its Middleton company, which is expected to be a significant ‘driver of growth’ over the next 12 months. Overall, increased demand played a key role in its recent growth and performance.