An independent furniture retailer in England has reported a modest drop in turnover for the year ending 30 April 2025. Total sales fell 2.6% to £59.4m, down from £61m in 2024, while pre-tax profit decreased to £4.5m from £5.2m the previous year.
© Stokers
The company, Stokers, emphasised that it continues to maintain a "very strong balance sheet" with net assets exceeding £21m, compared with £20m in 2024. Cash holdings remained steady at £2.1m, while an additional £14m can be accessed from its parent company if required.
Directors noted that, despite a challenging retail environment, these financial reserves give confidence in sustaining expansion plans and managing potential economic volatility. The company highlighted that its robust balance sheet and liquidity provide resilience, allowing it to navigate the uncertain UK market while continuing to pursue growth.
Stokers' performance underscores a strategic focus on financial stability, demonstrating that a company can maintain operational strength and long-term planning capacity even amid a small decline in sales.
Source: www.bigfurnituregroup.com
