Textile company Bedeck profits down by £1.7m in year
Co Down textiles company Bedeck has announced a slide in pre-tax profits for the year to September 2014.
Profits were £1.6million, down from £3.3m the previous year, although turnover was £31.9m, compared with £28.9m 12 months earlier.
The family-run firm, based in Magheralin, Co Down, said it was developing new brands which were adding to its growth. Bedeck bedlinen and towels are stocked by UK department stores such as Selfridges, Fenwick, House of Fraser and John Lewis.
There are also two standalone Bedeck stores, in Belfast on the Lisburn Road, and at Dungannon's Linen Green centre.
Bedeck was founded more than 60 years ago by the Irwin family, when Alexander Irwin began manufacturing linen handkerchiefs.
The company is now run by the third generation of the family and develops products for brands such as Designers Guild, Sanderson and Harlequin.
Two years ago, it announced a £5m deal to produce bed and bathware for Joules.