Bespoke furniture business Sofas & Stuff has reported another year of strong sales despite a slight decline.

According to its latest filed accounts for the year ended 31 December 2023, total sales fell 2.9% to £25.9m from £26.7m in 2022.

Sales were predominantly UK-based, down 4.1% from £26.6m to £25.5m, while EU sales dipped 0.9% to £105,000 from £106,000. Outside the EU, revenues increased from £3,300 to £331,000.

Pre-tax profit resulted at £909,000, down from £1.7m recorded the previous year.

Stated within its report, the company said: “2023 was a year that our industry saw trading levels very much fall back to pre-lockdown numbers. At S&S our retail division traded somewhat better than the industry in general, which is a pattern that has continued well into the first half of 2024.

“We put this down to our extremely high levels of service in store, our unique brand, and the fact that our better off customers have been less hard hit by the well advertised national “spending crisis”.

“Our logistics division, based in Milton Keynes, continues to offer a great delivery experience to our customers. Finally, to manufacturing, our most recent serious investment. Being in control of product quality and delivery lead times, was the reason we decided to set up from scratch some two and a half years ago a manufacturing plant in Preston.

“Now making nearly 70 % of everything retail requires, and following a tough couple of years getting everything right, our manufacturing unit is now one of the things that makes the board most proud, because it has given the business another tool to enable it to answer our beloved customers needs.”