Healthcare furniture specialist grows profit by 300%

Furniture supplier to the healthcare sector, Renray, has reported a growth in sales and profit.

According to its latest filed accounts for the year ended 31 December 2019, total sales rose 5.5% to £17m from £16.1m in 2018.

Gross profit increased from £5.1m to £5.5m, while pre-tax profit surged to £616,000, up 324% from £145,000 recorded the previous year.

Stated within its report, the company said that sales were at a record high, which was boosted by a £700,000 investment in production machinery and commercial fleet since 2017.