Osborne & Little returns to profitability
Fabric and wallpaper specialist Osborne & Little has posted an annual profit of £558,000 compared to a loss of £542,000 in the same period last year.
In the six months to 31 March, global sales remained strong at £24.3 million despite the impact of supply delays due to Brexit and the Covid-19 pandemic.
Buoyed by increased consumer appetite for interiors, the company invested in design and innovation in the period with the launch of eight new collections in September 2021, and a further eight which it plans to release in March next year.
The company said collections designed by decorator Nina Campbell performed particularly well.
Peter Osborne, managing director of Osborne & Little, said: “As our houses have become spaces where life and work converge, we are proud of the role we’ve been able to play in helping our customers transform and enjoy their homes.
“The past financial year has seen us successfully navigate the many challenges that we have been presented with – from Covid-19, to supply chain issues to Brexit – and we are pleased to have emerged stronger.
“We are cautiously carrying that optimism into 2022 as we launch a further eight new collections in March – with the outlook for the current financial year already even stronger.”
