AP+, the provider of third-party logistics, storage and fulfilment for furniture and homeware clients, has appointed Darrell Loynes as sales manager.

Turnover at the U.K. furniture factory gate declined in May as official figures for April, which had shown the first rise this year, were revised down.

Poltrona Frau, the premium Italian designer furniture company that sells through a mix of own-brand stores and third-party dealers like Aram and Chaplins, booked record U.K. revenue last year.

A third-generation furniture maker with more than a dozen factories across Asia is said to have rescued U.S. cabinet and upholstery distributor Hillsdale Furniture.

Cabinet furniture importer Bentley Designs worked down stock levels last year, bolstering cash and helping the business cut outstanding borrowings.

Living, dining and bedroom cabinet importer and wholesaler Classic Furniture worked down its stock position last year as liquidity improved amid tough trading conditions.

Furniture, home and giftware importer Coach House shrugged off declining sales to bolster profits last year as it found 5.9 percentage points of gross margin expansion.

High-end interior design and furnishings supplier Sanderson Design Group has warned on profits after already challenging U.K. trading conditions deteriorated further in the past two months.

The Swedish investment group that acquired U.K. furniture importer Julian Bowen as part of a pandemic-era acquisition spree has sold nine businesses as a job lot to a compatriot investor.

Profits were two thirds higher for cabinet furniture, lighting and home accents importer Pacific Lifestyle last year as the Yorkshire business found a 6.7 percentage point margin expansion.

A strong living and dining furniture category drove an overall rise in cabinet imports in April despite continued weakness in the kitchen furniture segment.

Year-on-year turnover at the U.K. furniture factory gate climbed for the first time in six months in April in a sign that demand pressures may be cooling.

Beaulieu International Group (B.I.G.), the diversified Belgian industrial conglomerate with interests spanning flooring to sofa fabrics, is investing €5 million transitioning to renewable energy.

Northern Ireland supplier Ulster Weavers returned to profit last year after saying earlier restructuring work combined with overhead repositioning had led to a strong result.

Maersk, one of the world's largest shipping companies, has increased its earnings guidance, saying full year adjusted profits could rise to as much as $9 billion for 2024.

Designer furniture company Andreu World has opened a new flagship showroom in central London, bolstering a roster of 30 existing locations worldwide.

More furniture manufacturers than not see orders rising in the next six months as they look to recover from a recent market downturn, according to a new poll by British Furniture Manufacturers (BFM).

Designer furniture company Calligaris has confirmed that a seven-figure share issue first signposted last summer has repaired the balance sheet of its wholly-owned U.K. retail subsidiary.

An indoor and outdoor dining chair importer and wholesaler based near Leamington Spa has filed for insolvency, leaving creditors facing a seven-figure shortfall.

London based furniture wholesaler Qualita is to widen its product roster for U.K. customers after acquiring the wholesale operations of Centrepiece International, a small case goods supplier.

A former owner of the Scottish furniture, lighting and home décor wholesaler CIMC Home has provided secured finance to the rebranded successor company.

£19 million Suffolk kitchen and housewares supplier returns to profit in 2023.

The allure of its brands and design archive helped Sanderson Design Group maintain profits in the past year as licensing gains offset weakness elsewhere in its business.

The restructuring of the circa £10 million furniture, lighting and home décor brand CIMC Home prefaced the appointment of a liquidator at its predecessor operating company, court filings show.

A newly-formed company has taken control of Scotland-based furniture, lighting and home décor distributor CIMC Home following an apparent restructuring exercise.

But revisions mean earlier declines were not as bad as first reported, new and updated figures from the Office for National Statistics show.

Ultra high-end North Wales furniture manufacturer Silverlining maintained profits last year despite rising costs and flat sales.

The group behind the Där Lighting, David Hunt, and J&M Parker lighting brands became employee-owned last year following an under-the-radar transaction.

Flair Rugs bolstered its market position through 2022/23 with double-digit sales and profits growth despite rising administrative costs.

Workers at furniture supplier Kettle's Vietnamese factory have been paid all outstanding wages after an initial delay when the plant was closed earlier this year. The sale of assets in Vietnam is also expected to raise funds for suppliers still owed money.

Sanderson Design Group has signed a collaboration agreement with a major William Morris archive in the U.S. that will result in previously unseen designs by the Arts and Crafts pioneer being brought to a wider audience for the first time.

Profits declined but remained class-leading for kitchen and housewares supplier Joseph Joseph last year.

Sanderson Design Group (SDG) is to move its headquarters 13 miles east to a smaller West London building that has historic resonance and reduces its requirement for external showroom space.

U.K. furniture manufacturers' output declined for the third straight time in January, but the rate of decline was shallower than in each of the two preceding months.

The U.K. beds market declined but still outperformed all of the upholstery, cabinet and carpet markets last year according to provisional 2023 data that combines production for domestic consumption with goods brought in from abroad.

The Department for Business and Trade (DBT) will set out export opportunities for the furniture industry at the inaugural Furniture Component Expo, the BFM-organised trade show launching in Telford next month.

Tvilum, the circa £180 million turnover Danish flatpack cabinet furniture manufacturer, has named the CEO of a compatriot logistics company as its new chief financial officer.

One-time major player in the U.K. cabinet furniture maker says earnings decline down to drop-off in revenue.

Shares in expanding flooring roll-up Likewise Group advanced Wednesday as the multi-site distributor disclosed a double-digit increase in early 2024 sales.

The South Wales company that rescued Mereway Kitchens last summer has emerged as the largest non-tax creditor following the manufacturer's second insolvency inside six months.

The new owner of furniture maker Rosehill says the former stakeholders are no longer with the business following his completion of an asset purchase that secures the future of the brand.

Outdoor furniture supplier Akula Living enjoyed a breakout year in 2022/23 with a record financial performance and recognition for its growth in exports.

Investment by Bisley part of wider plan to diversify product offer for its consumer-facing ecommerce websites.

Ercol Furniture (ercol) has announced the departure of longtime creative director Rachel Galbraith, with chairman Henry Tadros to now take an active role in the creative direction of the brand.

Higher operating and sales costs harmed profit margins at Elland based furniture supplier Andy Thornton last year, negating a large increase in output.

A small West Midlands contract furniture manufacturer has returned to court to get renewed protection from creditors while it seeks a restructuring of the business, or a sale.

A North West company that describes itself as the U.K.’s leading supplier of loose contract furniture has successfully applied to court for protection from creditors.

U.K. furniture manufacturers' combined turnover fell in double-digit percentages in December as weaker volumes combined with a falling away of price inflation in the category to hold back sales.

Profits fell sharply for soft furnishings supplier Rapport Home Furnishings last year, but a strong focus on working down stock levels helped to boost liquidity.

Restructuring advisors at Leonard Curtis lined up as potential administrators.

Fabrics and wallpaper supplier Sanderson Design Group said a strong performance from its high-margin licensing business has continued to mitigate the impact of challenging U.K. trading conditions.

Aspire Furniture, a growing supplier to the ecommerce mattress sector in the U.K., is planning to build its international business after agreeing new trade finance.

Midlands kitchen manufacturer Mereway Kitchens has ceased trading after a second insolvency inside six months for a company operating the brand.

The Gangani family, who sold home textiles supplier Bridstock Gate back in 2017, is to relaunch its flagship bedding brand after re-acquiring the intellectual property (I.P.) rights last year.

René Nieuwendijk, international commercial director at the Dutch-owned Leolux Furniture Group for most of the past decade, has joined office furniture maker Humanscale as vice president, global retail sales.

Cabinet maker Simpson and Liddard has been awarded the Manufacturing Guild Mark for business excellence by The Furniture Makers’ Company, the City of London livery company and furnishing industry charity.

Industry suppliers and retailers have questioned the legitimacy of elevated container shipping rates amid the ongoing crisis in the Red Sea.

Six major Shanghai-listed furniture corporations including the owners of upholstery giants Ekornes and Kuka saw their share prices fall to their lowest levels in at least a year during intra-day trading on Tuesday.

The West Yorkshire rug and mat manufacturer behinds brands such as Howler & Scratch and Rug Guru plans to invest another £3 million on factory upgrades having spent a similar sum last year.

A second straight sharp rise in revenue helped filled bedding, bedlinen and soft furnishings supplier Richard Haworth to maintain profits last year, despite input cost pressures.

Living and dining cabinet shipments declined by more than a quarter in November on weak data from Malaysia, Singapore and the U.S.

Earnings before non-cash costs were positive for the second straight year for Ercol Furniture in the immediate post-pandemic period as the Buckinghamshire manufacturer recorded its narrowest net deficit in five years.

The average pay award for workers at U.K. furniture factories will be 4.9 percent this year, according to the British Furniture Manufacturers' (BFM) latest Wages Survey.

Output at the furniture factory gate was lower for the eighth consecutive month in November as U.K. producers continued to struggle for new orders.

Revenue, profits and cash all climbed for furniture importer Seconique through the year to end June with the West Midlands distributor saying it has made further gains since.

Fast-growing outdoor furniture supplier Akula Living has become the latest home industry company to receive financial backing from BGF, a growth capital provider for U.K. and Irish small and mid-sized businesses.

Shares in rival U.K. floorcoverings distributors Likewise and Headlam gained as the former delivered an upbeat assessment of last year and its outlook for the period ahead in a trading update on Thursday.

North West lighting supplier Cascade says it is putting liquidity before profit as it grapples a tough market backdrop that has seen falling demand combine with rising costs.

Cabinet furniture wholesaler Papaya Trading has further strengthened its sales force with the appointment of a third new agent inside a few months.

A large positive swing in gross margin helped rug wholesaler Asiatic Carpets shrug off the impact of output falling to more normal trading levels through 2022/23.

North East living, dining and bedroom wholesaler Baker Furniture has taken two-year capital expenditure to over £1.7 million as it continued to invest against a backdrop of rising costs and decelerating demand.

Furniture wholesaler and bed manufacturer Balmoral saw revenue return closer to pre-pandemic levels in the year to end March, but rising costs hit the bottom line.

Spinks, the Yorkshire manufacturer best known for supplying bed components, has secured a £250,000 research contract to bring its EcoSeat spring technology to U.K. rail seating.

Britain's biggest floorcoverings wholesaler has agreed a settlement with insurers, nearly two years after the fire that destroyed its MCD Kidderminster distribution centre in December 2021.

Turnover at the factory gate declined for the seventh straight month in October on a year-on-year basis, but at the shallowest rate since May.

The integration of an acquisition and a new startup soft furnishings manufacturing venture helped North West fabrics group Panaz grow through 2022/23. But rising costs meant profits flatlined.

Outdoor furniture supplier Alexander Rose has cut inventory levels by more than a third over the past six months as the business returned to profit after the disruption of the immediate post-Covid period.

Workplace furniture maker Orangebox returned to profit through 2022/23 as the impact of increased top line activity and royalty revenue filtered through the income statement.

The largest private shareholder in Established & Sons has increased the size of his stake in the designer furniture, lighting and homewares company.

Industrial giant Vita Group, whose diversified activities span semi-finished and finished products ranging from PU foam to mattresses and underlay, has disclosed the sale price for the disposal of a French subsidiary which completed earlier this year.

Outdoor furniture supplier Alexander Rose booked a large deficit in the 18 months to end February 2023 as delayed containers led to cancelled orders along with elevated demurrage and storage costs.

Victoria sold 175,000sqft former Westex carpets factory last year, but sale price hadn't previously been disclosed.

Optimism among furniture makers about the trading environment has faded according to an updated poll of its members by the trade association British Furniture Manufacturers (BFM).

Fritz Hansen, the designer furniture maker whose products are sold through some of the U.K.'s sharpest modern retailers, has appointed Henrik Steensgaard as its new chief executive as it looks to return to profit.

U.K. furniture manufacturers recorded an eighth straight year-on-year decline in turnover at the factory gate in September according to new official data out Friday morning.

Castle Donington furniture wholesaler Birlea has revealed its new-look logotype and corporate identity amid an expanded product roster and new senior managerial appointment.

Premium lighting, homeware and occasional furniture supplier Porta Romana delivered class-leading profits in the year to end April on the back of sales growth and its ability to pass on price rises to customers.

Risings costs and weaker sales hit profits at Riva Home ahead of the Yorkshire soft furnishings supplier's buyout of upmarket fabrics producer Voyage Maison earlier this year.

The Fine Bedding Company found trade tougher through 2022/23 but still allocated six-figure resources to both capital expenditure and charitable endeavours.

Retail and wholesale brand Habitat is to create a range of tableware and kitchen products based on Sanderson's National Trust collection of fabrics, after the parties signed a licensing agreement.

U.K. sales returned closer to pre-pandemic levels for high-end Italian designer lighting company Artemide last year, but at a cost to margins.

Wider gross margin helped the North West supplier of bedding and household textiles under brands spanning Dorma to Content by Conran find a big performance boost through 2022/23.

The U.K. comfort foam operations of Recticel were more profitable despite lower sales ahead of the business unit being carved out and sold to a private investment company earlier this year.

Furniture, beds and home accents wholesaler Gallery Direct booked a £6.5 million net loss last year after writing down the value of stock to reflect current shipping costs. It says the decision is already delivering a competitive advantage.

Half-year profits advanced for Sanderson Design Group (SDG) as the premium interior design and furnishings supplier enjoyed the benefit of new licensing agreements.

Turnover at the furniture factory gate fell at its sharpest rate in two and a half years in August, according to new official data released Thursday morning.

Upstream supply chain rivals Carpenter and Vita Group both found single digit growth last year in a period upended by supply chain challenges and M&A activity.

Swedish kitchen giant Nobia has finalised the sale of its freehold manufacturing property in Dewsbury in an all-cash deal worth £13.6 million.

Narrower gross margin and lower output saw furniture importer and wholesaler Annaghmore Agencies record a loss last year against a backdrop of challenging conditions.

The Swedish investment company that acquired Julian Bowen in 2021 collected bumper dividends from the wholesaler last year, as it delivered profits that remained class-leading albeit down on a pro-rata basis.

U.K. factory gate furniture turnover declined at its sharpest rate in 29 months in July but the Office for National Statistic (ONS) says the previous three months were not as bad as originally reported.

Post-pandemic revenue recovered for the U.K. arm of high-end Italian furniture maker Poltrona Frau but higher costs weighed on the bottom line.

Bluebone Imports worked down stock levels and rebuilt its balance sheet though 2022/23 ahead of it bringing back a popular brand to the U.K. market this autumn.

Panther Logistics' revenue passed nine figures for the first time last year as the warehousing and two-person delivery company profitably onboarded a series of new customers.

Alessi, the Italian designer homeware company, saw revenue drop back at its wholly-owned U.K. operation in 2022. Sales still remained ahead of the preceding seven years.


Turnover was down 12 percent to £4.26 million at Alessi (U.K). in the 12 months to December 31, 2022, with the business unit delivering profits down 5.7 percent to £78,693.

_____
Alessi (U.K) revenue: 2013–2022 (£m)


Alessi uk sales550

The Italian company's products are sold via its own channels as well as through third parties spanning department store retailer John Lewis to design retailers including Heal's and SCP.


Net assets for the U.K. subsidiary increased to £1.12 million (2021: £1.05m), which largely reflects £1.3 million of historic shareholder equity funding.

Sean Holt has been named managing director of Commercial Interiors U.K. (CIUK), the trade association representing the contract furniture and furnishings sectors.

The U.S. ready-to-assemble cabinet maker that owns brands including Eden Bridge Designs says it plans to cease operations at its dedicated U.K. subsidiary company.

West Midlands importer and wholesaler Heartlands Furniture built inventory to never-before seen levels last year amid industry-wide stock accumulation.

A freight forwarder later named one of the largest unsecured creditors of Kettle Interiors U.K. had become its landlord three months before the furniture wholesaler's insolvent restructure earlier this year.

Wallpaper company Graham & Brown has begun a consultation with employees after proposing to close a manufacturing facility in Blackburn, the Lancashire town where it was founded in 1946.

U.K. furniture manufacturers' turnover declined for the fourth month in the past five in June and at its steepest rate since the start of 2021.

Higher sales, business model adjustments and restructuring helped Furniture Wholesale Group reverse the effects of the most challenging year in its history.

Sanderson Design Group has cut costs after the multi-faceted fabrics and furnishings supplier took steps to streamline its U.K. support function.

Lower demand for U.K. made goods from Ireland, particularly mattresses, hit furniture exports ahead of the summer, according to new data. Upholstery exports held up stronger.

A company voluntary arrangement (CVA) has lightened the debt burden for a South London based interior design company after it accumulated six-figure tax liabilities.

A container haulage company with depots across the East of England was placed into administration on Friday after a financial creditor called in its debt.

Imports of wood living, dining and bedroom cabinet furniture declined for a sixth straight month by value in May on weak data from the Far East.

Profit growth returned for the U.K. dropshipping company behind the Artisan Furniture and PD Global brands in the past year.

High-end Italian furniture company Calligaris has recapitalised a U.K. subsidiary in a move that, all other things being equal, repairs its balance sheet.

Kitchenware supplier Sabichi Homewares claimed market share gains last year but higher costs meant profits declined.

Belgian furniture supplier Ethnicraft is to make an $18 million (£14m) investment in its U.S. operation by building a new North Carolina facility that will expand and consolidate capacity.

The increasingly crowded and competitive logistics landscape contributed to the collapse of delivery company Tuffnells, whose furniture and mattress industry customers made up as much as a third of its business.

Furniture wholesaler Lassic chalked up lower profits in 2021/22 as the Bradford company absorbed rising costs from freight and its supply chain.

Coach House wants to build a new high-bay storage facility at the site of its Altham headquarters as part of plans to expand the capacity of its furniture, home and gift wholesale business.

The rescue of the West Midlands furniture wholesaler Serene earlier this year saved 35 jobs but compromised the debts owed to creditors including HMRC and suppliers.

Year-on-year furniture turnover at the factory gate declined for the second straight month in May according to figures out Thursday morning from the Office for National Statistics (ONS).

HMRC and the now-defunct Kettle Interiors U.K. company were the two main creditors of Kettle Interiors Agencies, which was placed into insolvency shortly after its larger associate.

Bradford rugs and homewares supplier Melrose Interiors found trade more challenging last year ahead of its sale to the U.K.'s largest floorcoverings distributor.

Gary Lasham and David Meltham have made quick returns to the industry after leaving Belfield Group, with the pair taking non-exec posts at contract furniture maker Barons as part of an MBO led by its hitherto sales director.

Furniture import and wholesale company Bentley Designs (U.K.) maintained profits last year as exchange gains helped counter the impact of lower sales and the inflationary trading environment.

IKEA's largest two-person delivery partner is to invest £3 million in new electric vehicles to be used exclusively as part of its logistics partnership with the home and garden retail giant.

North West bedding supplier Comfy Quilts found top and bottom line growth in the year to January 31, 2023 despite lower sales to a significant related party customer.

Bedding giant Comfy Quilts has invested heavily in new production assets in the past year during a period in which the company returned to earnings growth.

Cleland McIver more than doubled profits last year as it benefitted from growth at retail giant Dunelm and its earlier investment in building distribution capacity.

The Yorkshire group behind the LPD Furniture business has agreed amended banking facilities following a covenant breach last year, during which it invested heavily in building stock.

Profits tumbled for class-leading furniture and giftware wholesaler Coach House last year after rising sales costs resulted in a double-digit percentage point narrowing in gross margin.

The company behind The Online Furniture Show has launched Clearance Furniture — a new trade-only website that aims to connect retailers with wholesalers looking to clear excess stock.

Profits almost halved at North West furniture maker Dams last year as narrower gross margin countered higher output.

Coach House, the £64 million furniture, interiors and giftware wholesaler, has expanded its footprint in London with the opening of a new, larger trade showroom in Chelsea.

U.K. furniture manufacturers' turnover fell on a year-on-year basis for only the second time in 26 months in April, according to new Office for National Statistics (ONS) data.

Furniture distributor Global Home Group has reduced prices across a further half dozen ranges including four Corndell collections as it encourages retailers to "aggressively promote" its products.

Consumers awaiting furniture and mattresses from customers of delivery giant Tuffnells face potential delays after the freight specialist was formally placed into the hands of restructuring advisors on Monday.

The cost of restructuring the furniture wholesale company Kettle Interiors U.K. could swallow up a seven-figure chunk of the hoped-for realisations from the sale of its assets to an entity under common control.

A fifth of the furniture wholesale company Julian Bowen remains in the hands of either management or the founding family following the death of the company's eponymous founder last year.

Industry trade association British Furniture Manufacturers (BFM) has appointed Joanna Privett as its membership engagement manager.

Restructuring advisors handling the insolvency of Kettle Interiors U.K. say legal action may be necessary to facilitate the collection of a portion of the furniture wholesale company's debtor book.

Kettle Home agreed to buy stock with a book value of £6 million off furniture wholesaler Kettle Interiors U.K. for well under half that amount on March 22, 2023, two days before the latter was placed into administration.

U.K. tax authorities face the biggest shortfall from the fallout of the restructuring of the Kettle Interiors U.K. furniture wholesale operation earlier this year, despite being near the front of the queue for a payout.

Shares in the Chinese furniture group that acquired Norwegian furniture giant Ekornes back in 2018 have fallen to their lowest level since an IPO nearly a decade ago.

Corporate reorganisation follows spring 2022 takeover by Norwegian furniture conglomerate.



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