Office furniture firm posts positive year

Office furniture manufacturer Gresham Office Furniture has reported sales of almost £30m.

According to its latest filed accounts for the year ended 31 October 2021, total sales achieved £29.3m, albeit down from £46.1m in 2020, although this was over an 18-month period, therefore results are not directly comparable.

Gross profit stood at £10.8m, while pre-tax profit resulted at £2m.

Stated within its report, the company said that it’s in a ‘strong cash position’ with no bank borrowings and cash reserves of £3.4m.

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