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An improvement in London’s housing market helped sofa manufacturer Kingcome return to profitable growth in the six months to end October.


The firm — part of the Colefax fabrics, furnishings and interior decorating group — grew interim sales by 14 per cent to £1.4m, reversing its 2012–13 HY loss to make £64k at the operating line.


Management attributed the trading improvement to the strengthening of the UK housing market, with 87 per cent of Kingcome sales generated in the UK and London in particular.


It was a tougher trading period for the wider Colefax group, which saw pre-tax profits declined 6 per cent to £2.9m on group sales down 4 per cent to £37.4m.


Core fabrics sales were higher, though the group lost out on currency movements and a weaker performance from its interior decorating division, it said.



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