The group behind adjustable beds and recliner chairs manufacturer Adjustamatic has reported a slight decline in turnover as well as a loss.

According to its latest filed accounts for the year ended 31 December 2023, total sales fell 10.9% to £11.4m from £12.8m in 2022.

UK sales fell 11.1% to £11.2m from £12.6m, while EU revenues declined 19.6% to £151,000 from £188,000. Sales in the US rose 22.5% to £38,000 from £31,000, while sales in Africa stood at £10,000, up from £7,000.

Pre-tax losses resulted at £222,000, down from a profit of £246,000 recorded the previous year.

Stated within its report, the company said: “2023 was a challenging year for retail as consumer uncertainty was felt with the squeeze of inflationary pressures on daily household budgets putting pressure on larger value retail purchases. This was compounded with business inflationary pressures across all supply and running costs.

“These factors caused a challenging initial 6 months of 2023 that improved considerably in the second half of the year. The directors focus is to continually review all areas of the business and to put in place medium term measures and changes in marketing, pricing, product, and overhead costs to improve financial performance.”