THE COMPLETE HOME FURNISHER

Bed business invests for future growth

Beds and mattresses business Mansion House Bedding Company has reported a slight decline in sales and profit.

According to its latest filed accounts for the year ended 31 March 2019, total sales fell 1.1% to £8.7m from £8.8m in 2018.

Gross profit also fell 7.4% to £3.7m from £4m, whilst pre-tax profit resulted at £411,082, down from £590,234 recorded the previous year.

Stated within its report, the company said that it experiencing a decline in sales around the months leading up to the proposed date of Brexit in March 2019.

Since its year-end, the business has appointed two new area sales managers to cover the central belt and north of England. Both appointments are expected to deliver a boost in turnover in the year ahead.

Mansion House Bedding also appointed Robert Graves as its new finance director, promoted from company secretary, and will look at the efficiency of the business to maximise profits.

Furthermore, the company has invested heavily into new automated machinery to help reduce costs and boost productivity.

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