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bettaLivingSales growth escalated at furniture chain Betta Living in 2013–14 as it made the most of new stores and concessions in partner retailers.


Revenue reached £46.4m for the vertically integrated kitchens, bedrooms and bathrooms firm, which trades from over 50 stores of which around half are concessions in garden centre retailer Dobbies and general merchandise retailer Next.


That represented growth of 32.8 per cent over the year to end November 2014 for the Oldham headquartered firm, and built on turnover that was already 18 per cent up on the year prior to that.


Its newest stores — at locations including Leeds, Brent Cross, Farnborough, Maidstone and Milton Keynes — incurred startup costs over £1.2m, the privately owned firm said, which impacted its bottom line for the year.


It slipped to a statutory pre-tax loss of £249,370, having made £1.5m the previous year. It said underlying trading profit was down 25 per cent to £1.2m.


The privately owned business generated a net £3.4m cash from operations with net debt increasing to £4.1m (2013: £3.6m) after capex, dividends, finance, and tax payments.


Management said it expected sales growth to level out this year with no further stores planned as it concentrated on establishing its newest stores and improving internal processes.