Yorkshire-based furniture maker and retailer HSL has reported another growth in sales as turnover surpassed £60m.

According to its latest filed accounts for the year ended 31 December 2024, total sales were up 6.2% to £60.9m from £57.3m in 2023, further adding to its growth of 4.6% from £54.8m in 2022.

Pre-tax profit resulted at £1.7m, down from £1.9m recorded the previous year.

Stated within its report, the company said: “In the financial year ending 31 December 2024, we experienced robust growth. Our turnover increased by £3.6 million to £60.9 million, and our Gross Margin improved from 38.6% to 40.2%. This resulted in a Gross Profit of £24.5 million, an increase of £2.4 million over the previous year.

“While this growth is promising, our Operating Profit decreased from £2.0 million to £1.8 million This was a result of a strategic decision to invest significantly in our retail teams and infrastructure. These proactive investments are crucial for improving the customer experience and building a scalable operating model that will support our long-term growth.

“During the year we opened a new store in Solihull and a new furniture and lifestyle brand LIVHOME in Aintree. Part of long-established furniture design and manufacturing company HSL, LIVHOME is a new concept that promises to disrupt the industry, making it easy for consumers to find great-quality furniture that balances comfort and functionality with modern styling.

“The directors are pleased with the performance delivered during the year, and are optimistic about prospects for 2025 and beyond.”