Tricky year for hospitality furniture firm as losses widen

Hospitality industry furniture specialist Burgess Furniture has reported a decline in sales and widening losses as the Covid pandemic impacted performance.

According to its latest filed accounts for the year ended 31 December 2021, total sales fell 26.3% to £5.3m from £7.2m in 2020.

UK sales were down 40% to £2.5m from £4.2m, while rest of the world sales were also down 9.9% to £2.7m from £3m.

Gross profit decreased from £270,000 to a loss of £402,000, while pre-tax losses resulted at £1.1m, widening from a loss of £705,000 recorded in the previous year.

Stated within its report, the company said that the main reason behind the loss is the impact of the Covid-19 pandemic on the hospitality sector. Its order book was heavily impacted by the lockdowns in 2021, resulting in a greater impact from the pandemic in that year than in 2020.

“2021 has been a very tricky year for the business with the impact of Covid and Brexit, however, the business continues to work hard in carrying out our business strategy,” Burgess said.

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