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jdpUpholstery group JDP — owner of the Celebrity, Cintique, Wade and Parker & Farr brands — posted strong sales and profits in the year to end September.


Group revenue reached £50.1m, up 5.3 per cent on the previous year. Underlying pre-tax profits were down 19 per cent to £1.7m, largely because of higher selling and distribution costs, while group gross margin was constant at 23.8 per cent.


Statutory profits were up 25 per cent, reflecting 2012–13 reported profits being impacted by a £750k pension contribution at its Welbeck House subsidiary, which wasn’t replicated in the latest reported period.


Sales at Welbeck House — thought to include the Cintique and Wade brands plus a dedicated business unit making sofas and chairs for a national retailer — grew 3.6 per cent to £28.1m. The division returned to profit, making £852k at the operating line, reversing the pension-contribution affected £91k deficit reported 12 months ago.


Motion furniture division Celebrity enjoyed another excellent year; growing sales by 13.7 per cent to £19.9m. Operating profit declined 9.4 per cent, but at £2.2m still represented a strong double-digit margin north of 11 per cent. Celebrity also moved to a new, larger 108,000sqft site at Huthwaite during the year.


Back at group level, JDP generated a net £1.8m cash from operations and £852k overall as year-end net funds climbed to £8.1m (2013: £7.3m).