Almost 50 jobs were created by a luxury home interior specialist during its latest financial year as its revenue and profits grew.
Manchester-headquartered BHID Group, whose brands include Tom Howley, Neville Johnson and London Door Company, has posted a turnover of £78.3m for the 12 months to the end of April 2022, up from the £63.5m it achieved during the prior year.
The group's pre-tax profits also increased from £1.1m to £3.5m over the same period.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Newly-filed documents with Companies House also show that the number of people employed by the group during the year increased from 508 to 557.
BHID Group is 49% owned by Alcuin Capital Partners, having first invested in a deal worth around £22m .
The private equity firm's portfolio currently includes Caffè Nero while it has previously invested in the likes of Krispy Kreme and Games Workshop.
A statement signed off by the BHID Group board said: "Whilst the group continued to experience headwind effects of Covid-19 during FY22, the conditions were much improved on the prior year.
Most Read
"In FY22 the largest impact was on the supply chain and the availability of materials and appliances, and to a lesser extent the group was adversely impacted by order fulfilment delays, owing to our staff or clients being affected by Covid-19.
"Despite these disruptions the group experienced strong demand for its products, continuing to benefit from clients increased focus on the home, and the continuation of the digital shift where BHID customer demographics have significantly increased their digital activity.
"This shift in digital adoption, together with our focused digital marketing strategy is generating higher quality client leads that are also more cost effective, when compared to traditional marketing activities.
"Operating profit decreased during the year to £3.8m, despite continued strong sales growth of £14.9m.
"The reduction in operating profit is attributable to increased operational costs owing to supply chain inflation headwinds, operational inefficiencies experienced due to Covid-19 disruptions and legal and professional fees incurred."
READ NEXT:
Wejo boss talks up 'accelerating momentum' despite losses passing $100m
Essar Oil to build £360m carbon capture plant at Stanlow refinery
'Pressure on' H&M to compete with Primark and Boohoo as it cuts 1,500 jobs
'Very strong recovery' helps The Lowry Hotel return to profit after losing over £3m during pandemic