West Midlands sofa factory ACL enjoyed a big leap in profits in the year to end March despite a softer top line performance.

The firm — which does most of its business with national sofa specialist ScS — grew profits by 77 per cent to £668k at the pre-tax line.

That was largely the result of a lower cost base and a 130 basis improvement in gross margin to 29.1 per cent. Sales at the upholstery producer declined 5 per cent to £12.9m.