Kitchen furniture manufacturer Ultima Kitchens has reported another growth in turnover.

According to its latest filed accounts for the year ended 31 December 2024, total sales rose 7% to £110.9m from £103.6m in 2023, adding to its growth of 12.4% from £92.1m in 2022.

Pre-tax profit resulted at £21.1m, slightly down from £22.3m recorded the previous year.

Stated within its report, the company said: “During the year, the rent charged by Silkstone Finance Limited, the parent company, for the factory units occupied by the Company was adjusted to reflect market value. As a direct result, the Company’s operating profit as a proportion of turnover has decreased to 19%, from 22% in the prior period.

“The Company has continued to invest in technology and new facilities, investing £2.3m during the year in machinery and £683k in delivery vehicles. The Company has funded this expenditure from operating cash flow. This investment was made in order to increase manufacturing capacity and reflects the growth in the Company’s turnover and expectations of continued growth in future years.”