Sleep specialist Raskelf Group has reported a decline in sales and profit.

According to its latest filed accounts for the year ended 31 March 2025, total sales fell 3.5% to £11m from £11.4m in 2024.

Pre-tax profit resulted at £780,000, down from £1m recorded in the previous year.

Stated within its report, the company said: “During the year, Raskelf Ltd undertook a significant programme of investment totalling approximately £1 million across its manufacturing site. This investment included a factory extension, site improvements, and upgrades to manufacturing facilities, designed to increase efficiency, enhance capacity, and support future growth.

“Despite these long-term improvements, trading conditions during the year remained challenging. The company experienced a slowdown in contract sales, largely due to overstocking within parts of the market following the Covid-19 pandemic.

“Additionally, there has been a marked increase in imported bedding and mattress products sold through online marketplaces, resulting in heightened price competition and margin pressures.

“Management continues to monitor these trends closely, focusing on strengthening customer relationships, developing differentiated products, and maintaining operational efficiencies to ensure Raskelf Ltd remains competitive and resilient in the current market environment.”