Fasteners and components supplier Jet Press, which provides its products to various industries including furniture, has reported a decline in sales.

According to its latest filed accounts for the year ended 30 April 2024, total sales fell 2.9% to £9.8m from £10.1m in 2023.

Pre-tax profit resulted at £284,000, down from £834,000 recorded the previous year.

UK sales fell 3.3% to £5.7m from £5.9m, while EU sales decreased to £3.4m from £3.5m. Revenues outside the EU rose to £665,000 to £627,000.

Stated within its report, the company said: “Increasing sales revenue was a challenge during this financial year with the UK cost of living crisis having a particular impact on our furniture and industrial sectors. Our exporting was also impacted by EU countries economic challenges, which have been confirmed by discussions with our EU customer base.

“With regard to EU transactions, our continuing warehousing partnership in the Czech Republic has continued to simplify our delivery processes in relation to the complex EU trading conditions, which has allowed us to support our EU customer base so that we can build as economic conditions improve.

“As always, our focus is solely on satisfying customer demand to the best of our ability and working closely, and productively, with all our partners. As part of this process, we have added additional product ranges to our offering, selected in relation to feedback received from our customer base regarding products which will enhance the customer experience.”