Sales and profit down at office furniture firm

Office furniture manufacturer Gresham Office Furniture has reported a decline in sales.

According to its latest filed accounts for the year ended 31 October 2024, total sales fell 5.2% to £32.5m from £34.3m in 2023.

Pre-tax profit resulted at £1.4m, down from £2m recorded in the previous year.

UK sales represented the majority of turnover, with revenues down from £33.8m to £32.2m. Exports decreased from £438,000 to £268,000.

Stated within its report, the company said: “The directors are pleased with the overall results and credit must be given to all employees for their efforts.”

Save this article for later

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

Leave a Comment

MORE ARTICLES

Mark Saunders, CEO of furniture retailer OKA, talks about the expansion of its physical presence, combatting challenges and a look ahead to what’s next for...