Fabrics supplier Abraham Moon & Sons has reported a slight decline in sales as turnover remained over £20m.

According to its latest filed accounts for the year ended 31 December 2023, total sales fell 7% to £21m from £22.6m in 2022.

Pre-tax losses resulted at £466,000, down from its profit of £983,000 recorded the previous year.

Stated within its report, the company said that its apparel fabric division had a strong year, while losses were due to increased material, energy and labour costs.

The business added that stock levels increased by around 7% year-on-year.