Turnover fell by 20% at cooker and cookware manufacturer Aga Rangemaster last year, newly-filed accounts have revealed – as the company cut its staff by over 21%.

The firm, which has its head office in Long Eaton, Derbyshire, and sites in Leamington Spa and Telford, saw revenues fall from £144.6m in 2022 to £115.5m for the 12 months to December 2023.

Aga Rangemaster said the disappointing performance was down to a “challenging” domestic market – although exports to the US increased by over 22%