Bed manufacturer sees pre-tax profits spring to £600,000
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Harrison Spinks, the Leeds-based bed manufacturer, has seen a surge in profits in a year which was focused on increasing its market share.
This week publishing its annual report for the 12 months ending 30 June 2018, the company reported that pre-tax profits had risen to £599,459 from the £32,397 achieved the year prior.
During this period, Harrison Spinks also saw a slight increase in turnover, which rose from £43.7m to £44.3m.
The company’s directors said that this growth was due to “its ever increasing expertise” in pocket spring and natural fibre comfort technology.
They went on to say that this provides Harrison Spinks with a “competitive edge in both domestic and overseas markets, enabling it to deliver enhanced technical performance in all of its products and machinery.”
The company also noted that its focus continues to heavily remain on the research and development of its products.
Going forward, Harrison Spinks said that “business can continue as usual following the outcome of Brexit because it has made sure to work closely with suppliers and customers.”
Managing director Simon Spinks added: “The directors are confident that through the strict control of overheads and taking advantage of opportunities in the market place as and when they arise, the business will continue to maintain its performance in the current economic climate.”