Candy & Candy’s profit soars as demand for its "cutting-edge" designs takes offComments Off on Candy & Candy’s profit soars as demand for its "cutting-edge" designs takes off
Candy & Candy Holdings, which was behind the luxury interiors at super-prime London residential development One Hyde Park, highlighted its design arm for performing “exceptionally well” in the year to 30 June 2014.
The company, which also has a development management arm, posted a pretax profit of £497,348, compared to £338,816 the previous year.
The highest paid director earned £375,000 during the period.
Sales however dipped to £6 million from £9.5 million, while staff numbers decreased to 57 from 84.
In its accounts recently filed at Companies House, the firm said the interior design market has become more competitive, particularly in London.
But it added: “The directors believe that the group’s values, longevity, track record of outstanding projects such as One Hyde Park, service and incredibly high standard, gives the group an advantage over competition.”