Bed manufacturer Relyon has reported a slight decline in sales and profit.
According to its latest filed accounts for the year ended 30 September 2024, total sales fell 4.9% to £15.5m from £16.3m in 2023.
UK sales represented £15.3m of revenues, down from £15.9m, while EU sales stood at £218,000, down from £299,000.
Pre-tax profit resulted at £518,000, down from £692,000 recorded in the previous year.
Stated within its report, the company, which also operates the Dunlopillo brand, said: “Despite the success of increasing our portfolio with new customers, turnover decreased in the year primarily due to a decision of one of our large national customers to strategically reduce its market presence of furniture products.
“In consequence, a cost reduction restructuring exercise was undertaken in September 2024 which resulted in exceptional one-off costs of over £200k. The full benefits of this restructuring will be seen in the 2024/25 year.
“Operationally, we have continued to improve our service proposition for both our national group and independent retailers, by introducing a 7-day direct home delivery service across a wide range of products including our premium Heritage range.”
