Upholstery retailer Sofa.com generated more cash, more sales and almost twice as much profit in the year to end February.

The London based sofa specialist — which sells predominantly online but also through selected stores at home and abroad - grew sales 23 per cent to £21.8m and pre-tax profits by 76 per cent to £2.8m.

Gross margin climbed 20 basis points to 55.5 per cent, while the company generated a net £3.2m cash from operations (2013: £1.3m) and £2m overall as net cash increased to £3.7m (2013: £1.7m).