Textile and bed linen business The French Linen Company Limited has reported a growth in turnover for a seventh consecutive year, whilst also posting a reduction in it annual loss.
According to its latest filed accounts for the year ended 31 December 2015, total sales marginally grew by 3% to £10.7m from £10.4m in 2014, with all arms of wholesale, retail and ecommerce contributing positively.
The company, which trades through Yves Delorme and specialises in soft furnishings as well as bed linen and accessories, said that the advantage of reducing administrative costs in 2015 would start to take effect in the current year.
Both distribution and administrative costs were significantly reduced by 7.2% from £5.5m to £5.1m. The company posted a pre-tax loss of £196,051, which was lower than its recorded loss of £224,954 last year.
The business, which has multiple locations across the UK in a number of concessions including And So To Bed and House of Fraser, forecasts further growth within London, although indicated that uncertainties in Europe – as well as exchange rate fluctuations – could impact group performance moving forward.