Furniture manufacturer and retailer Shackletons has reported sales of over £20m as it looks ahead to future growth.

According to its latest filed accounts for the year ended 30 June 2025, total sales stood at £23.2m, up from £12.8m for the year ended 31 December 2023. This was over a longer 18-month period.

Adjusted EBITDA stood at £502,000 for the 18-month period. Pre-tax losses resulted at £434,000, compared to a profit of £61,000 recorded the previous period.

Stated within its report, the company said: “Revenue for the 18-month period was £23.2m representing a pro-rated 12-month equivalent approximately £15.4m and growth of approximately 21% against the prior period.

“The period experienced sector-wide inflationary pressures on labour, materials and energy. The Company acted to bring overhead and direct labour back in line with normalised levels, and the restructured cost base is now permanently embedded in the operating model.

“The reported loss before tax reflects both restructuring costs and an underlying period of margin compression which impacted EBITDA. Restructuring and advisory costs of £380,403 (which are not ongoing) were incurred to position the business operationally for the period ahead, and a non-core retail operation which had been loss-making was closed. These items are material contributors to the reported loss.

“At the date of signing these accounts, material contracts are in place which underpin the sales budget for FY 2025/6. The care sector recovery now underway, combined with a leaner operating model and secured revenue base, supports the Board’s expectation of a materially stronger trading performance in the year ahead.”