Hinckley furniture firm Hammonds sees profits rise but sales fall
The UK's leading fitted bedroom company has reported a rise in annual profits, despite seeing sales fall.
Hammonds, of Hinckley, said pre-tax profits rose 6.3 per cent to £585,673 in the year to June 30, 2012. However, sales declined from £61.4 million to £58.5 million. The figures were recently made public by Companies' House.
Hammonds, which also supplies kitchen and home office furniture, makes all its products in Hinckley. It has about 80 stand-alone stores and concessions.
A statement in the accounts said: "The external commercial environment is expected to remain competitive. However, the directors remain confident of the continued success of the company."
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Hammonds employs about 800 people. About 250 staff are spread across its head office in Nutts Lane, Hinckley, Harrowbrook Industrial Estate and a store in Trinity Lane, also in Hinckley.
Last year, it donated £500,000 to help the Woodland Trust plant more than 50,000 trees and preserve more than 4,000 acres of woodland.
Hammonds plants a tree for every bedroom it fits and every customer who buys a wood veneer bedroom receives a year's membership to The Woodland Trust.
It was founded in 1926 by Thomas Hammonds.