Contract furniture maker begins year with record order book

Contract furniture manufacturer Deanestor has reported a growth in sales.

According to the latest filed accounts ended 31 December 2021, total sales rose 19.3% to £14.2m from £11.9m in 2020.

Gross profit increased from £3.8m to £4.7m, while pre-tax losses resulted at £844,000, slightly narrowing from its loss of £883,000 recorded the previous year.

Stated within its report, the company said that despite not seeing a return to pre-pandemic levels of business, the rise in turnover and reduction in losses was driven by a strengthening pipeline of work with fewer delays to projects than previously experienced in the prior year.

As of June 2022, the business had a record order book with a value of £25.2m having secured orders worth £14.3m during the first six months of the year.

Save this article for later

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

MORE ARTICLES

Gary Hall, Product Specialist at RetailSystem, explains why furniture suppliers need more than just a website....