Profit rises despite sales reduction at independent

Independent furniture retailer Barker & Stonehouse has reported a decline in sales but a growth in profit.

According to its latest filed accounts for the year ended 29 March 2020, total sales fell 3.2% to £75m from £77.5m in 2019.

Gross profit reduced from £35.9m to £34.9m, while pre-tax profit increased 11.1% to £2m, up from £1.8m recorded the previous year.

Stated within its report, the company said that gross margin has been maintained and cash has improved to just under £5m.

The business also disposed of the final legacy property in Teeside.

Furthermore, trading in stores has been above that of last year and has continued since the yearend despite the ongoing pandemic.