Fibres manufacturer International Fibres Group (IFG), which supplies to a variety of industries including furniture and flooring, has reported a decline in sales within its UK division.

According to its IFG Drake’s latest filed accounts for the year ended 30 June 2025, total sales fell 6.5% to £18.6m from £19.9m in 2024.

Pre-tax profit resulted at £1.3m, up from a profit of £549,000 recorded in the previous year.

Stated within its report, the company said: “Fibre volume was lower than prior year due to general market demand. Many customers adopted a just in time approach to stock management meaning short term forecasting became more difficult.

“This impacted raw material purchasing and price which continues to be volatile. Labour inflation remained a significant concern as does energy cost. The Company benefitted from the introduction of the Network Charging Compensation Scheme for Energy Intensive Businesses during the year.”