THE COMPLETE HOME FURNISHER

Components supplier grows sales in ‘difficult’ year

Preformed wood components supplier Stonebridge has reported a growth in both revenue and profit.

According to its latest filed accounts for the year ended 30 November 2018, total sales rose 6% to £3.2m from £3m in 2017.

Gross profit increased 15% to £1.5m from £1.3m, whilst pre-tax profit rose 12.2% to £256,454 compared to its profit of £228,128 recorded last year.

Stated within its report, the company said that trading was ‘difficult’ during the year.

Despite the uncertainty regarding Brexit, the business has ‘managed to control costs’ which resulted in an improved gross profit margin.

Looking ahead, the group said it is seeking new trading opportunities and will implement production efficiencies.

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