DIY

Oak Furnitureland losses narrow by 19% to £12.4m in FY24

The group secured additional funding of £10m and equitisation of £47.8m in June 2024, more than halving the business’ financial debt

Oak Furnitureland has narrowed its losses by 19% to £12.4m, down from a previous loss of £15.4m, in the year ended 30 June 2024, despite group revenues falling by 17% to £236m due to a soft market and Red Sea disruptions.

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