Kitchen furniture manufacturer Stoneham has reported that continued investment has boosted turnover, as well as seeing a return to profit in its latest accounts for the year ended 31 December 2015.
The Kent-based business revealed that key investments within its new-look showroom in Sidcup and in new machinery contributed to the upward trend in revenue, as total sales for the period grew by 12.2% to £5.5m from £4.9m in 2014 – back on par with its performance in 2012.
Gross profit also registered an uptick of 13.3% to £1.7m from £1.5m, while its operating loss saw a reduction to £94,836 from £111,536 last year.
The company posted an overall profit for the year of £74,107 from its recorded loss of £108,641 in 2014.
Commenting within the report, Stoneham, which prides itself on retaining its Royal Warrant for Her Majesty the Queen, said: “The directors are confident that Stoneham is well place to benefit from increased consumer confidence and will respond rapidly to market trends and opportunities.
“During the year there was significant investment in new factory machinery and additional capacity to the finishing plant. Stoneham continued investment in new showrooms and upgrading displays.”