Upholstery retail chain ScS has reported bullish results in its latest trading update as well as confirming the refinancing of its bank facility.
According to its latest figures for the 53 weeks ended 30 July 2016, total like-for-like sales order intake increased by 14.8%, maintaining its momentum amid the ongoing cloud of uncertainty following Brexit.
ScS also confirmed the refinancing of the Company's debt facilities. The Group has extended the maturity of its committed £12m bank facility to October 2018. The facility has also been renegotiated at a lower margin.
David Knight, chief executive officer of ScS, commented: "We are delighted that trading was strong throughout the EU referendum campaign and has continued since the vote with progress on a like for like basis in all retail categories. We are also pleased to have completed the refinancing of our bank facility."