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Barker & Stonehouse sees profits leap

BSHoveFurniture and flooring retailer Barker & Stonehouse has seen profits leap in the past financial year.

Pre-tax profits rose by 37% to £4.05m in the 53 weeks to 3 April, accounting to accounts filed at Companies House.
Turnover rose by 15.8% to £62.89m.
In light of the profit increase, the dividend was increased from £182,000 to £561,000.
The chain ended the period with cash of £4.457m, up from £3.163m. Bank loans rose from £8.957m to £14.546m. Of this £911,000 was due to repaid within a year, £9.6m within two to five years and £4.93m after five years.
The chain is due to open its Hove store (pictured) in the spring and is also due to open a branch in Guildford.