UK sales drive growth at upholstery fabric supplier

Wallcoverings and upholstery fabrics supplier Romo Fabrics has reported a growth in sales as turnover surpassed £60m.

According to its latest filed accounts for the year ended 31 December 2021, total sales rose 17.5% to £64.4m from £54.8m in 2020.

UK sales were up 30% to £25.5m from £19.6m, while EU sales slipped 1.5% to £19.6m from £19.9m. Sales outside the EU increased 26% to £19.2m from £15.2m.

Gross profit increased from £21.7m to £23.9m, while pre-tax profit resulted at £1.5m, down from £9m recorded the previous year.

Stated within its report, the company said that current trading to date is exceeding those of 2021, with sales ‘extremely positive’.

Save this article for later

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

Leave a Comment