PKW Group Holdings, the parent of foam and mattress specialist GNG Group, has announced a solid financial performance for the fiscal year ending 31 August 2025. Despite a challenging market environment, the group achieved revenues of £13.14 million, up 6% year-on-year, driven by continued demand for its performance foam products across healthcare, sports, safety, and mattress sectors. Gross profit increased to £5.16 million, reflecting operational efficiency and strong, long-standing customer relationships. Operating profit reached £389,777, with a profit before tax of £344,381 and total comprehensive income of £262,684.
© GNG Group
The group maintained a robust cash position of £1.85 million with zero bank debt, while net assets grew to £2.59 million, demonstrating a stable balance sheet and a solid platform for future growth. Investment in modernising production capabilities continued, with £189,631 spent on new plant, machinery, and equipment. The group employed an average of 132 staff during the year, supporting productivity through training, technical development, and operational improvements.
Strategic consolidation of operational sites remains a key focus, aiming to improve manufacturing capacity utilisation, enhance workflow efficiency, and reduce overhead costs. Phil Whittell, director and ultimate controlling party of PKW Group Holdings, highlighted the resilience of the business model built over 40 years, emphasizing continued investment in facilities and commitment to delivering quality, reliability, and long-term value to customers across the UK and Ireland.
GNG Group's FY25 performance underscores its operational strength and positions the company to capitalise on sustained demand in its core markets while advancing efficiency and strategic growth initiatives.
Source: www.furniturenews.net
