Bed manufacturer Hypnos has reported strong sales as turnover surpassed £60m.

According to its latest filed accounts for the 18-month period ended 31 December 2024, total sales stood at £60.8m, up from £40m against a 12-month period ended 1 July 2023.

Pre-tax profit resulted at £160,000, down from its profit of £321,000 recorded the previous year.

Stated within its report, the company said: “2024 was a significant year in the Group’s history, marking the 120th anniversary as well as the completion of a two-year change programme to place the business in the strongest possible position for its next centenary.

“Initiated in 2022, Project Rightsize involved a comprehensive strategic review to refocus the business and develop capabilities to form a robust platform for long-term success. The Group invested £1.7m to achieve its strategic goals.

“Trading in the first eight months of the 2025 financial year has been robust, with operating profits exceeding those recorded over the preceding 18 months. The strong positive cash generation supporting is clear evidence of the business’s resilience and growth potential, which are supported by the new 5-year facility agreed in April 2025.”

Meanwhile, Hypnos Contract Beds, which supplies hotels and hospitality properties, reported sales of £14.2m for the same period, down from £20m. Pre-tax losses resulted at £1.9m compared to its profit of £129,000 against the prior year.

David Baldry, Group MD at Hypnos, commented: “I am tremendously proud of the team as we have gone on this transformative journey together. The hard work and commitment has resulted in a platform for Hypnos’ growth in the coming years.”