Sales at Co Antrim kitchen manufacturer Woodland rise to £10 million
The North's largest kitchen manufacturer has grown its turnover by 28.5 per cent to £12.6 million in what the company has described as a "strong trading performance".
Co Antrim firm Woodland Kitchens has increased its revenue, profits and staff numbers in the year ending February 28, 2017, largely based on sales,which now total £10 million.
This is up by almost a third on the 2016 figure of £7.6 million, while profit before tax increased from £522,960 to £690,804 over the year.
Company director Brian McCloskey said the "strong trading performance" was mainly due to the "development of new product lines and continued growth of the company".
Staff numbers increased at the Rasharkin-based manufacturer to 111 from 99 in 2016. This growth was primarily seen in the production side of operations and has swelled the company annual wage bill by 24 per cent to £2.7 million.
Looking to the future the firm, which provided kitchens and wardrobes for apartments used in the Batman movie The Dark Knight Rises has plans for continuous growth across the business. These plans are fuelled
by deals worth £2.4 million secured last year for 2017.
"The company is committed to the long-term creation of shareholder value by increasing the company's market share in the UK kitchen and bathroom manufacturing market," Mr McCloskey said.
"Overall in the coming year, the company aims to increase revenue, operating profits and the number of customers it reaches. The company will continue to develop relations with suppliers, customers and generate new business where possible and increase retention levels, while remaining highly competitive."
Woodland Kitchens was founded in 1987 by Brian McCloskey and has in that time supplied tailor-made kitchen, bedroom and bathroom cabinets to some of the largest multi-national retail houses and distribution companies
Its contract clients include a number of top-end customers in the hotel, residential, and student accommodation sectors, with one of its most recent contracts the Marlin Apart-Hotel, Waterloo in London which Woodland furnished with kitchens and wardrobes for its 236 bedrooms in just 16 weeks.