Textiles retailer Linens Direct is back in the black, according to results just filed at Companies House.
The return to profitability follows a strategic review of the product range and a refocusing of the business. For the year ended January 31, the retailer reported a pre-tax profit of£121,787 on near-flat turnover of£14.37 million.
The retailer suffered a£141,233 pre-tax loss last year, after the closure of a store in the Trafford Centre and the axing of the more discount driven fascia NQP.
Russell Jerrard at property agents Brasier Harris said the 25-store retailer was back on the expansion trail and looking for out-of-town sites as well as high street locations.
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