The leading UK franchisee group of Danish furniture brand BoConcept has reported another year of strong sales despite a slight dip in turnover.
Concept Living, which has 11 established retail locations including a concession in Harrods, posted sales of £21.3m for the year ended 31 October 2023, down 0.4% from £21.4m in 2022.
Pre-tax profit resulted at £36,000, down from £1.3m recorded the previous year. Net assets valued £740,000, down from £1.2m.
During the period, there was a new store opening in St Albans in January 2023 along with Fenwicks Bracknell opening in December 2023.
Stated within its report, the group said: “The Group is very satisfied to have maintained the high level of turnover which was achieved in the previous year, 2022 had been a record year boosted by the post Covid boom in the Retail Home Improvement.
“Retail Turnover in 2024 has had a solid start along with the Trade Division having a strong pipeline of large contract orders to be delivered in 2024 as well as 2025.
“The Group is predicted to be back to its usual solid profit level after the exceptional investment items in 2023 as outline above.”
