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Heritage fabrics and wallpaper business GP&J Baker posted lower profits in 2016 as a two-year run of rising sales came to an end.

 

The U.S. owned company made £254,159 at the pretax line in the year to end December, down 58 percent on the previous year.


Sales declined 1.5 percent to £18 million, with GP&J Baler having made mid single-digit gains in each of the two years immediately prior. Exports were fractionally up and worth £10.6 million.


GP&J Baker, which was founded in 1884 and claims to have the largest privately-held archive of decorative textiles in the world, has been part of the New York headquartered Kravet group since 2001.

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