“Very challenging year” sees furniture supplier post loss

Furniture supplier Baker Furniture has reported a decline in turnover as profit slipped into the red.

According to its latest filed accounts for the year ended 2 April 2023, total sales fell 15.7% to £22.5m from £26.7m in 2022.

UK sales were down 4.1% to £18.4m from £19.2m, while EU sales fell 44% to £4.1m from £7.4m.

Pre-tax losses resulted at £359,000, down from its profit of £1.2m recorded in the previous year.

Stated within its report, the company said it experienced significant disruption to its supply chain during the year with its main supplier closed for a number of months through Covid.

That, along with very high carriage costs, a lower exchange rate, and a worsening business climate, have made for a “very challenging year”, which was capped by one of its major customers entering administration.

“Turnover and margin have improved since the year end and the company is once again trading profitably,” the business added.

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