Strong order book and rapid market recovery minimises impact at sofa businesses

AMX Design and Ashley Manor, both companies under the TCM Living Group along with Alstons, has reported an uptick in sales.

According to their respective filed accounts for the year ended 31 December 2019, AMX Design saw sales rise 0.7% to £42.8m from £42.5m in 2018. Pre-tax profit rose 4.7% to £2.2m from £2.1m.

Ashley Manor also experienced growth, up by 26.3% to £27.3m from £21.6m year-on-year. Pre-tax profit improved 21% to £827,000 from £683,000.

Stated in both reports, the businesses said that despite the Covid-19 pandemic ongoing, it will not affect the companies status due to their “very strong” order books and the rapid recovery of the UK furniture market and continued demand for its product lines.