Textile supplier impacted by pandemic restrictions

Textile supplier for fashion and furnishings, Leeds Group Plc, has reported a decline in sales, while seeing losses widen.

According to its latest filed accounts for the year ended 31 May 2020, total sales for the group, with operations conducted by German brands Hemmers-Itex and KMR, fell 10% to £35m from £38.9m in 2019.

Gross profit also fell from £8.5m to £6m, while pre-tax losses resulted at £2m, growing from a loss of £1.2m the previous year.

Stated within its report, the group said that it suffered significant sales reductions in the final three months of the year due to the restrictions enforced following the Covid-19 pandemic.