Barnoldswick-based beds manufacturer Silentnight Group has reported a successive growth in profit, as well as achieving record turnover to mark its 70th year.
According to its latest filed accounts for the 52 weeks ended 30 January 2016, total sales rose 10% - or £12.3m – to £137.5m from £125.1m. Operating profit increased by 26% to £8.3m from £6.6m, while overall profit registered an uptick of 44% to £3.5m from £2.4m in 2015.
Silentnight said that the improvement in both the general economy and relationships with key customers were main drivers in the continued success of the business, with its ‘business vision’ a major asset behind its positive performance.
During the period, the group highlighted that the average number of employees increased by 5% to over 1,000, primarily as a result of the rise in production output.
Commenting on the latest results, managing director Steve Freeman said: “The major driver behind our sales and profit achievement is our business vision which we developed and launched across our company – to be the home of the most trusted sleep brands. This vision has helped us to engage and energise every colleague across all departments with total focus on market leading quality – first class customer service and continuous innovation.
“The benefits of which are now being enjoyed by our trading partners and their customers as sales across all our brands continue to strengthen further into 2016. Our recent Which? Best Buy awards and the growing number of five star consumer reviews across our brands are recognition of all the hard work every team member puts into making our brands the most know, most recognised and bestselling in the UK market.”