Found 9 articles
Furniture manufacturing industry still facing difficult road ahead
1 July 2010
Furniture manufacturing industry still facing a difficult road ahead
Source - BFM State of Trade Survey and annual Financial Ratios Survey - June 2010
State of trade survey - The industry is no more optimistic about the general business situation than it was at the beginning of the year, with the volume of output in the 4 months to June falling slightly on balance and fewer companies exporting now than at any time in the last two years, despite a favourable currency. 50% of companies expect to implement short time working as we go though the summer.
Financial ratios survey - It would appear that sales have decreased from their level in June 2009 and that companies have been better able of late to control overheads. And, even though there has been an increase in material costs, this is unlikely to account for the large rise in the direct labour/material costs ratio shown in the survey. The suggestion is that companies are holding on to more staff than they need to meet the volume of sales produced, despite measures to reduce direct labour costs through short time working and lay off, as well as pay freezes. Perhaps, however, it has got to a stage where industry feels that direct costs need to be addressed again as the state of trade survey shows that nearly 1/3 rd intend to make redundancies in the coming months. While Â¾ of the industry was returning some profit, Â¼ of the sample reported either making a loss or being at a breakeven position.
Ratios used in the survey:
Direct labour and materials as % of sales
Total overheads as % of sales
Distribution costs as % of sales
Net profit as % of sales
Furniture retailer Collingwood uses "Ask if it is" campaign
1 May 2010
Department store and furniture retailer Collingwood Batchellor has partnered with the British Furniture Manufacturers association (BFM) and their campaign to promote British furniture.
The family run business with a department store in Horley and furniture showrooms in Horsham, Haslemere and Haywards Heath are using the 'Ask If It Is Great British Furniture' campaign, co-ordinated by the BFM to promote the British furniture throughout their stores.
Collingwood Batchellor's director Guy Collingwood:
"The idea behind the campaign is to show our customers just how many of our furniture ranges are sourced from so many quality British manufacturers, particularly at a time when supporting our industry is so important."
"Our top British suppliers have joined together with us to offer our customers some really outstanding deals."
The campaign, which features in full colour advertisements in all the major newspapers has been a hit with consumers since its launch in January 2008.
BFM's Commercial Director, Adam Mason confirmed:
"The British furniture industry is a significant one that directly employs some 125,000 people within 7,500 enterprises and supports and is supported by a vast supply chain. The campaign is designed to inform consumers as to what products are manufactured in Britain as we believe it is a consideration when making such an important purchase."
"We are delighted to support Collingwood Batchellor in their campaign and would urge consumers to visit their stores and talk to their staff about Great British furniture."
For further information about Collingwood Batchellor, please visit www.collingwoodstores.co.uk
For further information about the Ask If It Is campaign, please visit www.greatbritishfurniture.co.uk
BFM and Quilters of Ruislip "Great British Furniture Store"
1 March 2010
The BFM and Quilters of Ruislip joined forces in November 2009 to launch the UK's first 'Great British Furniture Store'. The shop-front was adorned with banners and supported in-store with 'Ask If It Is' and 'Great British Furniture' logos highlighting furniture from the campaign members, as part of an initial 6 week campaign. The campaign proved so successful in sales that it was extended to the end of February 2010 and is now to be extended still further.
John Quilter has analysed sales from November 2009 to February 2010 and is pleased to share them with you.
Click here to view
New BFM commodity pricing service
1 February 2010
New BFM furniture commodity pricing service
The BFM is pleased to announce the launch of a new service for member companies that will help with purchasing decisions and negotiations with suppliers. The BFM has subscribed to a price data service with trends graphically displayed for over 90 commodities in Sterling and (mainly) Euros to show how fluctuations in currency can also impact on price.
For each of the commodities covered price trends are shown up to the present time. In most cases the benchmark date begins in July 2008, although in some cases where prices have remained fairly flat for a period of time, we have taken the start date back a few more years to give a better idea of trends.
The commodities were chosen in a pilot exercise by BFM members as representing significant purchases to them as furniture manufacturers.
Price data on 90 items is available in the following areas:Abrasives, Board, Container rates, Energy, Fibres, Foam chemicals, Leather, Logs, Metals/wire, Packaging, Timber/wood, Waste
Mark Wilkinson honoured with OBE
1 January 2010
Mark Wilkinson honoured with an OBE
Mark Wilkinson has been honoured with an OBE for services to the Furniture Industry and to Charity in the New Years Honours List 2010.
BFM office move imminent
1 August 1900
This is to notify everyone of our new address and contact details, the office facilities & the benefits it offers to BFM and its members.
50% additional duties on US imports of seats
1 January 1900
The US announced that starting on 22 June 2018 it will impose additional duties of 25 % and 10 % respectively on imports of steel and aluminium from the EU. This is more than a week earlier than originally planned.
1 January 1900
For Daily News about the Furniture Industry click on logos
Father and son team on charity cycle ride
1 January 1900
Father and son team on charity cycle ride
Two BFM father and son teams were among the 22-strong members of The Furniture Makers' cycling team which raised nearly £50,000 for the charity on the London to Bordeaux marathon.
BFM vice chair Brian Ahern and his son Michael, along with fellow association member Edward Tadros and his son Henry ,completed the gruelling 450 mile ride over six days. BFM was among the sponsors of the ride and the association's logo appeared on jerseys worn by the whole team. Said md Jackie Bazeley: "We're delighted that the whole of The Furniture Makers' Company team did so well. It really was a herculean challenge - and we were obviously particularly rooting for Brian and Michael and Edward and Henry. We followed their progress daily, wishing them all the Best of British!"
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