Monday 21 April 2014 11:25 pm sales surge as it steps up its search for new investors

ONLINE furniture retailer sales surged 20 per cent to £20.2m last year, ahead of a potential sale.

 In December City A.M. revealed that the eight year-old group had hired financial advisers Altium to explore options, including a sale or partial sale to help fund its expansion.

It is understood to have already attracted interest from trade and equity buyers.

Earnings increased by 48 per cent to £5.3m in the year to 28 February compared with £3.6m in 2012.