Independent furniture retailer Glasswells has reported an uptick in sales and profit.

According to its latest filed accounts for the year ended 1 March 2025, total sales rose 2% to £28.5m from £27.9m in 2024.

Pre-tax profit resulted at £3.3m, up from £3.2m recorded in the previous year.

Stated within its report, the company said: “The addition of a 53rd week during this period has been a welcome boost to turnover and profitability. Sales have continued at a good level and whilst fractionally ahead, they have not kept pace with inflation, hence volumes are down.

“Our small goods have shown excellent increases, however floorcovering has been our weakest link and suffered lower sales and profitability.

“We have continued to benefit from bank deposits as well as rental income from our let properties. These are useful cushions in what has been a challenging retail market where in general, costs have risen ahead of sales.

“During the year we took the opportunity to restructure our shareholdings and used some of our surplus cash to simplify our structure and reduce the number of potential beneficiaries, which sets us up for continued growth in the future.

“Our website is our shop window and our promotional expenditure is more heavily weighted to online viewers than using traditional media. The focus of our activity remains to drive footfall to our stores where our full choice and instore experience is unrivalled.”