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”.

Save this article for later

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

Leave a Comment


Jason Stone, CEO at bedroom furniture supplier Harmony Furnishings, talks about the launch of its new catalogue and collections, as well as the appointment of...