Housing Units saw profits and sales jump in its more recent financial year.
Sales leapt from £25m to £35.46m in the year to 27 March at the Failsworth, Manchester retailer.
Pre-tax profits rose from £2.78m to £4.8m.
Dividends rose from £850,000 to £2m.
The company says that ‘the distorting impact caused by the COVID-19 pandemic on trading activity makes like for like comparisons to the prior year trading performance difficult. The business’s retail store was closed during the initial weeks of the trading period, but strong online sales performance levels combined with high levels of in-store demand once the store was allowed to re-open resulted in turnover for the period increasing by 42%.
‘To support the increased level of sales demand, and during a period of unprecedented worldwide supply chain disruption, the business worked closely with its suppliers to ensure that order lead times were minimised as much as possible. To support the growth in order intake volumes and turnover the business invested in maintaining higher levels of stock in its warehouse so that customer orders could be fulfilled as quickly and efficiently as possible.’ Stock rose from £4.6m to £6.35m.
‘The directors believe that due to the underlying strength of the business and commitment and high calibre of its staff, the business is well placed to further enhance its market leading position in the home furnishings sector.’
The company is celebrating its 75th anniversary.
