futon-company-storeNational furniture chain the Futon Company said revenues have continued to build out following a slow start to 2013–14.

Year to end February sales declined 3.1 per cent to £6.8m for the London based retailer, which trades from 21 showrooms across Britain in locations spanning Edinburgh to Plymouth.

However, that masked a weak first half, with lower sales in the first six months of the year followed by stronger trading since, including higher sales in the period post February.

Futon Company sells modern styled seating and bedding with six of its showrooms sited within the capital. Gross margin fell sharply — by 280 basis points to 53.6 per cent — with pre-tax profits dropping 64 per cent to £88k.

It generated a net £472k cash from operations (2013: £243k) with year-end net funds rising to £661k (2013: £440k).