Another year of record-breaking sales has been delivered for Aldiss, a Norfolk furniture company, continuing a strong upward trend despite ongoing operational pressures and rising costs. Sales intake reached £26.303m including VAT, surpassing the previous milestone of £25m and marking a new company high for the second consecutive year.
Delivered sales showed more modest growth, reaching £21.550m, but still set a new benchmark. A healthy order book of £2.96m remains in place, underpinning a controlled and stable pipeline. The gross margin held steady at 43%, while pre-tax profit reached £687,798 – nearly identical to the previous year's level.
These results were posted by W J Aldiss Ltd, Norfolk's largest independent furniture and furnishings retailer. The company continues to prioritise reinvestment, with solar panels recently added to its distribution centre and ongoing improvements to its handling, storage, and delivery infrastructure.
Managing Director Darryl Simpson credited the performance to a combination of strong sales and disciplined investment: 'We operate in a challenging environment… our approach of generating strong sales alongside mitigating costs by an on-going programme of investment is more relevant than ever.'
The retailer also made progress in strengthening its financial position, having fully repaid its Coronavirus Business Interruption Loan Scheme (CBILS) facility. The balance sheet value has now risen above £4m.
With resilient operations and consistent reinvestment, the company remains focused on sustainable long-term growth.
Source: www.bigfurnituregroup.com