Archers Sleepcentre Year End Results

Our financial year end was 31 October and this year is the first that we have required a statutory audit – its one of the drawbacks of our success and growth. First feedback is that the stocktake was a huge success. The auditors e mailed me to say they were amazed. Not one amendment, and of course I didn’t expect anything else.

Another healthy growth in turnover, 39%, and including our Uddingston franchise we are now just shy of £10m pa. As close as damn it 10% of the Scottish bed market (yes I know we are selling beds in England too- more of that to follow of course).

Stock levels are good, all the key ratios are good, so we should be able to announce another successful and very profitable year for the company. The results should be ready early December.

Meantime I’d like to thank the efforts of everyone in the company for their sterling work. Looks like big challenges ahead but we have seen past phase one of the recession. Let’s dig in and see off phase two. How many phases will there be? Stop worrying for goodness sake…..

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