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Brighthouse lifts profits

brighthRent-to-own furniture and electricals chain Brighthouse has seen profits and sales jump in the past six months as it continues to expand.

Like for like sales rose by 7.7% in the six months to 30 September as total sales climbed 13.2% to £142.8m. 16 stores were opened in the period, increasing numbers to 269.

The chain, which allows shoppers to pay weekly but charges an APR of 29.9%, saw profits rise 11.1% to £22.1m.

Furniture sales were described as performing strongly.

Leo McKee, Brighthouse ceo says he is confident the chain can continue to grow.