Mobility furniture specialist restructures as sales reach £60m

The group behind furniture mobility specialists Oak Tree has reported a growth in sales in a period of restructuring.

According to its latest filed accounts for the year ended 28 February 2023, total sales reached £63.7m compared to £35.9m, although this was over an extended period. Pre-tax losses resulted at £3.9m.

Stated within its report, the company, which specialises in riser recliner chairs and adjustable beds, said both its Oak Tree division showed ‘very modest growth’ with margins improving towards the end of the period.

The group made the decision to close down its Middletons business, incurring an exceptional cost of £10m, due to experiencing ‘unsustainable disruption’ following the pandemic.

Furthermore, the group acquired RG42 Ltd, a manufacturer of riser recliner chairs, in 2021, which will enable the business to be self-sufficient for around 75% of its chair needs.

“Through additional investment we have developed increased manufacturing capacity by introducing new products and wider ranges,” the group added.

Since its acquisition, RG42 has continued to move from ‘strength to strength’ and has experienced a ‘large increase in top line growth’.

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