An online furniture retailer has reported a near 20% rise in profit for the year ending 28 February 2025. The company posted year-end profit of £541,000, an 18.3% increase from £457,000 the previous year.
© My Furniture
Despite the growth in profit the retailer, My Furniture's, cash balance fell to £263,000, down from £634,000 a year earlier. Net assets remained steady at £7.1m, which the company described as "strong and unchanged".
Founded in 2012, My Furniture offers a broad portfolio of furniture, lighting and home accessories to customers across the UK and Europe. The business operates both online and from its Nottinghamshire-based showroom and warehouse, positioning itself as a multi-channel retailer with an expanding market presence.
The latest accounts highlight a continued upward trajectory in profitability, reflecting the company's resilience in a competitive sector. While reduced cash reserves point to financial pressures, stability in net assets underlines the strength of its balance sheet.
Source: www.bigfurnituregroup.com
