Sales and profit grow again at motion furniture manufacturer

Upholstered furniture manufacturer Celebrity has reported another growth in sales and profit.

According to its latest filed accounts for the year ended 30 September 2024, total sales rose 7.4% to £17.6m from £16.4m in 2023, further adding to its 10% growth from £14.9m in 2022.

Pre-tax profit resulted at £1.1m, up 78% from £617,000, also marking another uptick from £493,000 recorded in the prior year.

Stated within its report, the company, which specialises in manufacturing upholstered furniture with inbuilt rise and reclining mechanisms supplying to both domestic and specialist retailers, said demand continued to be “strong” as gross margin increased from 27.3% to 30.2%.

“The results were achieved in difficult trading conditions in the post pandemic, which included the continuation of the war in Ukraine, high inflation and interest rates all having an impact on retailer and consumer confidence,” Celebrity said.

“We have maintained strong relationships with our retailers and our suppliers during the year. Celebrity, the company, has continued to thrive despite the continued impact of economic circumstances on the general economy.

“We have been very proactive to look at new innovations in our market sector, working closely with retailers to display and present our ranges in the best possible way to work for both parties, gaining market share in the riser recliner market.”

For more information on Celebrity, check out their FurnitureBrochure here.

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