Hedlund Group-owned Cwmbran-based Festive Productions' sales were down from £16.3m a year earlier. Pre-tax profit also dipped from £70,000 to £35,000.
Festive Productions' directors said: "2014/15 has been a satisfactory year both in terms of the company’s ?nancial performance and its continuing progress towards re-establishing itself as a major supplier to both high street retailers and garden centres.
"A much improved credit control process resulted in a signi?cant reduction in trade debtors at year end and therefore a much stronger cash position."
At Wyevale’s Cadbury Garden Centre, Festive has launched an experience for Christmas shoppers, a tinsel machine called ‘Tinsel Tina’ which can produce 24 metres of tinsel every five minutes.
Festive Productions makes 22 metres of tinsel every second and claims one third of the UK market.