Furniture retailer OKA has posted a £500,000 pre-tax profit in 2011.
Revenue jumped 17% at the retailer, which is founded and run by David Cameron’s mother-in-law Annabel Astor, with retail jumping 12%.
Adjusted EBITDA rose by £400,000 to £890,000.
Astor said: “It has always been a priority of ours to pay careful attention to our customers’ needs and adapt the business accordingly, so it is extremely satisfying to see the OKA brand go from strength to strength.
Astor said she remains “cautiously optimistic” for the year ahead. The retailer inked a deal to take the brand global through a licensing deal with Li & Fung subsidiary LF Products.
The deal will enable Oka to have a presence in Asia, the Americas, the Middle East and Europe, where it will be available to franchise in high-end department stores.
The retailer is on the hunt for another UK flagship store to join its Chelsea shop which opened last year, and its newly revamped Froxfield store which is its “country flagship”.
Oka introduced a bonus scheme last year which could result in staff being awarded up to 10% of their salary if various targets, including customer service ones, are met.