Upholstery group sees sales rise across majority of brands

Upholstery manufacturers Parker Knoll and G Plan both recorded an increase in revenues, as other businesses from the Sofa Brands International group delivered positive sales.

According to the latest filed accounts for the year ended 30 June 2022, total G Plan sales rose 46% to £46.2m from £31.5m in 2021. Pre-tax losses resulted at £373,000, widening from £194,000 recorded in the previous year. The company said that sales had recovered following the impact of Covid-19.

Parker Knoll saw revenues rise 14% to £37m from £32.2m, while posting a loss of £1.3m, down from a profit of £486,000. Meanwhile, Duresta reported sales of £8.7m, down 2.2% from £8.9m, but did narrow losses from £1m to £930,000. The company added that revenues struggled to recover to pre-pandemic levels, some way off its sales of £13.1m in 2019.

As for The Lounge Co, total sales stood at £8.1m, up 20% from £6.7m, while pre-tax losses amounted to £985,000, up from £863,000. The company said that sales recovered strongly and are out-performing pre-pandemic levels when revenues in 2019 were at £3.6m. As for Collins & Hayes, sales were up slightly to £2.3m from £2.2m, while losses reduced from £276,000 to £187,000 year-on-year.

Parent group Sofa Brands International reported a pre-tax profit of £2.1m, up from a loss of £90,000.

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