Foam manufacturer Carpenter has reported almost breaking the £100m turnover milestone as sales maintain steady growth for a second consecutive year.
According to Carpenter Holdings – the UK division from its US-based business, latest filed accounts for the year ended 31 December 2015, total sales jumped by 6.8% to £96.1m from £89.9m in 2014, with gross profit increasing by 40.5% to £29.8m from £21.2m.
Operating profit swelled by 69% to £18.5m, whilst pre-tax profit rose by 67% to £18.8m from £11.2m last year. The company ended the year under review with cash totalling £33.9m, significantly up from £18.5m in 2014.
Carpenter, which specialises in the manufacturer of foam and supplies the material to bed and upholstery manufacturers from its Derbyshire-based factory, paid recognition to its employees within its report as a major contributor to its success.