Lee Longlands maintains Sales growth

Privately-owned furniture retailer Lee Longlands maintains an upward trading momentum as sales climbed towards £15m.

According to its latest filed accounts for the year ended 31 May 2022, total sales rose 20% to £14.4m from £12m in 2021. Pre-tax profit resulted at £399,000, slightly down from £589,000 recorded in the previous year.

Stated within its report, the company said that gross margin increased from 39.3% to 40.3%, while its closing bank balance resulted at £2.2m. Lee Longlands also had a year end order book of £6.2m.

Looking ahead, the business said that investment in staff training and development remains a “key priority”, while it is also exploring “a number of exciting potential growth strategies, which should further drive the sales growth and bottom line profitability”.

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