Furniture components supplier Hill’s Panel Products (HPP) has reported a slight decline in turnover.
According to its latest filed accounts for the year ended 28 February 2025, total sales fell 3.4% to £33.2m from £34.4m in 2024.
Pre-tax losses resulted at £135,000, down from a profit of £1.6m recorded the previous year.
Stated within its report, the company said: “Despite the ongoing challenges affecting the wider industry, the company has maintained strong trading performance throughout the financial year. Our solid foundations in leadership and our reputation for exceptional customer service continue to position us well to navigate the current environment.
“Looking ahead, we remain focused on investing for the future. A new router, representing an investment of approximately £1 million, is currently on order and scheduled for installation in early 2026. This upgrade will significantly enhance capacity, efficiency, and resilience within our core vinyl wrapped door production area.
“Our e-commerce channel continues to deliver robust results and will soon be further strengthened by the launch of an upgraded website, offering an improved user experience and expanded functionality. Additionally, our recently refreshed suite of marketing literature will support our continued commercial success.
“We are also preparing for several exciting new product launches, most notably the introduction of flooring, a new category within our range. This will include the prestigious Karndean brand, bringing immediate credibility and access to new customer segments. Furthermore, we plan to explore vertical opportunities within our existing product lines to identify and serve currently underrepresented niches.”
