A Yorkshire-based textile manufacturer has reported a decline in both sales and profits for the year ending June 2025, reflecting ongoing challenges across the furniture and interiors sector.
© Think Group
Total sales for the company, Think Group, fell to £19.9 million, down from £21.5 million in 2024. The decline was driven by weaker performance in both domestic and international markets, with UK sales dropping to £16 million (from £17.5 million) and exports slightly down to £3.8 million.
Profitability also took a hit. Pre-tax profit decreased to £369,000, compared to £682,000 the previous year, highlighting pressure on margins.
The company attributed the downturn to a "particularly tough trading environment," worsened by the administration of its largest customer in early 2025 and broader difficulties across the furniture industry.
Despite this, Think Group remained profitable and continued investing in its future. Key developments included a refurbished headquarters, bringing all staff together to improve efficiency, and a rebranding initiative to strengthen its market positioning.
Operating under a unified Think Group identity, the company aims to better reflect its evolving strategy while maintaining its established brands, including James Robinson Fibres and Texfelt.
Overall, the results underline the fragility of supply chains linked to the furniture sector, while also showing a focus on long-term transformation despite short-term pressures.
Source: www.bigfurnituregroup.com
