Wednesbury-based Komfort Partitioning has reported a pre-tax profit of £39,000 for the year to 31 December 2018, up from a loss of £566,000 in 2017. The company’s turnover dipped over the same period from £23.1m to £22.4m.
In November 2018 the internal partitioning manufacturer secured a £4.25m funding package from Lloyds Bank Commercial Banking to help grow its turnover.
The company creates intelligent solutions for interior spaces in all sectors. It designs and manufactures internal glazed and solid partitions with integrated doorsets for clients such as Unilever, Seabrook, Warwick University and The Royal Albert Dock.
Based in Sandwell since 1973, Komfort Partitioning prides itself on its long-standing relationships with customers, built on quality service, flexibility and technical support. The services it offers include design advice, problem solving, engineering, planning, manufacturing and installation.
In accounts filed for 2018 a statement from the board reported that the business achieved profitability at a lower level of turnover from previous years and that “2018 represented a year of progress and consolidation for Komfort.”
The accounts statement signed off by the board went on to say: “Overall sales were below those achieved in 2017 as the company focused on driving growth in more profitable revenue streams whilst reducing capacity and costs in less profitable areas.
“This resulted in a significant improvement in gross profit margins to 37.1 per cent in 2018 from 34.8 per cent in 2017.”
During 2019 the company is taking a cautious approach to cost management to mitigate potential risks presented by Brexit while aiming to continue growth by establishing Komfort as the leading supplier of partitioning solutions in the UK and targeted export markets.
The firm’s strategy is to invest in growth in higher margin revenue streams whilst seeking to improve efficiency across the business.
The company statement concludes: “Komfort will ensure that it continues to enhance its core value propositions across the whole customer base, focusing on widening and modernising and available product offer, as well as investing in people and systems to ensure that customer-centric service excellence is continuously improved.”
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