has reported a 48% rise in adjusted EBITDA to £5.3m for the 12 months to 28 February.

Sales jumped 20% to £20.2m at the sofa etailer.

The etailer confirmed it still working with financial advisors Altium to explore options for the etailer including a sale or IPO, although it is thought is more likely to choose the former route. The retailer revealed in December it had hired Altium. founder Rohan Blacker said: “Since was founded in 2006, the business has always sought to provide great quality products at competitive prices to its loyal customers. Significant time and investment has been put into the development of the brand – our processes, products, service offer, website and marketing - and we are delighted to see this reflected in our sales growth to date. has a highly skilled senior management team with a proven track record of creating and implementing successful business strategy and driving growth.”

On the finance appointment, Blacker said: “We look forward to working with Altium and further developing our original concept, making it even more accessible for new and existing customers and taking to the next stage of its journey.” was founded in 2006.