Sofa-in-a-box brand Swyft has reported a slight decline in sales while losses narrowed.

According to its latest filed accounts for the year ended 31 December 2024, total sales fell 0.8% to £22.1m from £22.3m for the period ended 31 January 2024.

Pre-tax losses resulted at £1.8m, narrowing from a loss of £5.6m recorded the previous year.

Stated within its report, the business said: “The company delivered a strong performance, achieving increased profitability and a significant reduction in losses, thereby strengthening its overall financial position. The directors are pleased with this performance and believe the company is well positioned for future growth as economic pressures ease.

“Since the year-end, new ranges of dining and living room furniture have already been launched, with further additions planned across these and other categories within the home. Swyft will also continue to innovate and enhance its existing products, such as sofas and beds.”