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furmanacAdjustable beds and upholstery manufacturer Furmanac grew sales 15.9 per cent last year with its turnover having more than doubled in under five years.


The Kingswinford company — owner of the MiBed, MiChair and Hestia brands — posted sales of £14.9m in the year to end June.


Sales have increased in high double-digits every year since at least 2010–11, when its top line totalled £6.8m. Earnings in the latest period were almost five times as high as the year before, with pre-tax profit reaching £900,000 (2014: £186,722).


The West Midlands producer generated a net £901,891 cash from operations with the firm’s net capital investment approaching £500,000 for a second successive year. That, combined with a new long term bank loan, pushed net debt to £1.2m (2014: £1.1m).


Shareholder funds for the privately owned firm rose to £1.1m (2014: £623,046).