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leeLonglandsDerbyLee Longlands enjoyed strong sales and earnings growth in the period that saw it launch its £1m superstore in Derby city centre.


The Midlands firm — whose other stores are sited in Birmingham, Leamington Spa and Abingdon — opened in the former Co-op store in late December 2013.


In the year to end May 2014, gross order intake rose 9 per cent while delivered turnover was up 7.6 per cent to £14.6m. Pre-tax profits during the reviewed period climbed 53 per cent to £279k. Group gross margin rose 30 basis points to 38.7 per cent.


The company said it was the third year in a row it had enjoyed  growth, going back to 2011 when it restructured and decided to concentrate on the better end of the furniture market. In the period immediately prior it had opened and additionally operated a number of clearance outlets.


Its new Derby store spans 65,000sqft, created 27 jobs and was — Lee Longlands said — its most significant investment in a decade. The £1m investment was supported by a £160k contribution from Derby City Council’s Growth Fund.



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