Harrogate-based interior design and furnishings specialist, Richard Grafton Interiors, has announced turnover in excess of £1m for its first year of trading – 35% ahead of its budget.
The business – which recently made a £50,000 investment in redesigned and refurbished room sets at its three-storey showroom – has grown from five to nine staff over the last year.
Richard Grafton Interiors acquired Harrogate-based Janet Sandles Interiors last September, after which it joined forces with interior installations contractor, Andrew Freestone, to launch Grafton Freestone in December. The joint venture handles all bedroom, bathroom and wet room design and project installations for Richard Grafton Interiors.
“It’s been a fantastic first year for us,” says Richard Grafton. “Despite the tough economic climate, we’ve got off to a flying start, thanks to our talented team of designers and our loyal client base.
“We are already exploring ways of emulating the success of the Harrogate showroom and developing new partnerships. Our first joint venture, Grafton Freestone, is already performing well – demonstrating the benefits of integration – and we are planning a series of similar joint ventures to expand the services offered by Richard Grafton Interiors and build on our strategy of seeking opportunities for vertical integration.
“We have ambitious plans for growth over the next year, aiming to increase the combined turnover of our retail business and interior design projects, together with Grafton Freestone, by 40%.”
Richard Grafton Interiors is based at a 3000ft² retail and showroom premises on The Ginnel in Harrogate’s Montpellier Quarter. The recently-updated showrooms include brand-new living rooms, a dining room, bathrooms and a show apartment.