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clelandMcIverCushSales reached £41.2m at Cleland McIver in 2014–15 as the soft furnishings supplier expanded its workforce and made the most of efficiencies.


Revenue increased 5.6 per cent in the year to end September for the North West company, whose average headcount jumped by more than 40 per cent to 147 as its investment in plant and machinery kicked in.


The privately owned supplier to major home retailers said it had seen gross margin benefit from more regular trade, rather than promotions, while efficiencies improved on the back of it bringing more activity in house, including the filling of all cushions and seat pads.


EBITDA jumped 12.9 per cent to £2.1m with pre-tax earnings advancing 6.7 per cent to £1.6m.


Littleborough based Cleland McIver generated a net £668,440 cash from operations (2014: £2.3m) with year end net debt rising to £2.3m (2014: £1.5m) after tax, dividends, capex and finance payments.

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