Sales up again at furniture retailer

Furniture retailer Lee Longlands has reported another growth in turnover as sales surpassed £16m.

According to its latest filed accounts for the year ended 31 May 2023, total sales rose 14.5% to £16.5m from £14.4m in 2022, further adding to its growth of 20% from £12m in 2021.

Pre-tax profit resulted at £524,000, up from £399,000 recorded in the previous year.

Stated within its report, the company said gross margin remained strong at 40.2%, while its closing bank balance resulted at £2.2m.

Looking ahead, the business said that investment in staff training and development remains a “key priority”, while it is also exploring “a number of exciting potential growth strategies, which should further drive the sales growth and bottom line profitability”.

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