Profits leap at Barker and Stonehouse
Baker and Stonehouse has seen a double-digit increase in profits while its expansion to London got off to a better than expected start.
The nine-store chain boosted pre-tax profits by 16.5% to £1.54m as sales rose by 13.5% to £45.7m in the year ended 30 March.
Its accounts the company accounts for the increases 'by continuing to focus on product mix, together with an ongoing programme of cost reduction and control. As for many businesses, trading continues to be challenging and we operate in a highly competitive industry, which is vulnerable to changing trends in interior design, consumer spending habits and fluctuations in exchange rates.'
The Battersea, London branch which opened in July 2013 was described as 'trading well and above target for the current year.'