Contract furniture supplier Andy Thornton has reported a decline in turnover as well as posting a loss.
According to its latest filed accounts for the year ended 31 July 2020, total sales fell 23% to £9.3m from £12.2m in 2019.
Gross profit was down from £3.3m to £2.5m, while its pre-tax profit of £248,000 recorded last year, dropped to a loss of £359,000.
Stated within its report, the company said that during the third quarter it made a loss of £500,000 after being impacted by the Covid-19 pandemic, which saw order intake and sales decline during April and May following the initial lockdown.
This was something the business could not recover from in the final few months of the year despite June and July showing “greater resilience”.
Looking ahead, the business has generated a record high order book following the tough period and an “increased level of optimism”.