Award-winning bed manufacturer Hypnos has revealed it had a strong financial year in 2014, with its contract and retail businesses continuing to grow and develop independently through Hypnos Ltd and Hypnos Contract Beds Ltd respectively.
The directors of Keen and Toms Holdings – which owns these two Hypnos-branded businesses – say that during 2014 the group turnover reached £36.7m, a 19% increase over the previous year. This is 57% greater than three years ago, and the growth is being put down to the continued development of the retail business, both at home and overseas, which has been driven by the popularity and reputation of the Hypnos brand.
This, coupled with the contract business’ continued success in supplying hospitality sleep solutions, means the business is going from strength to strength.
The growth for Hypnos and Hypnos Contract Beds has seen the continued development of dedicated and focused teams, strategies and processes to efficiently manage Hypnos’ increasing operational scale.
James Keen, director of Hypnos’ retail business, comments: “It has been a fantastic and successful 12 months for Hypnos. We could not have wished for a stronger performance from the business which has seen international expansion, as well as growth in the UK, with our royal patronage, carbon-neutral status and position as Bed Manufacturer of the Year all helping to push the business forward.”