was due to a reduction in overheads as Brookmann Home cut employee numbers from 53 to 29, closed loss making lines and reduced its bank borrowings.
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"We have a competitive product line up, a strong management team and are trading profitably. Our plans for the future include marketing our products overseas as well as here in the UK."
Mr Mann said: "Our first challenge, having acquired the business ,was to close down unprofitable lines and downsize the operation to return it to profitability.
It designs and sources private label bed linen for UK retailers such as Marks Spencer, John Lewis, BHS and Dunelm, and has its own brand, Vantona, which is sold in independent department stores.
Earlier this year, it secured a new 2.9m funding package from Aldermore bank to replace larger, more costly facilities with another provider.
The investment group which in 2011 bought Manchester based Dawson Home Group, which previously traded as Dorma and traces its roots back to 1877, said the business remains on track for further earnings growth this year despite Nike Air Max 90 Gray
Its product range includes sheets, duvet covers, pillowcases, curtains, cushions and throws.
He said the business is now going in the right direction because it is 'more appropriately sized', has improved margins and negotiated hard with suppliers.
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Aldermore's Simon Maddocks said: "Aldermore is delighted to have played a part in the successful restructuring of this great British business.
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In the Nike Air Max Coliseum Rcr year to March, Brookmann Home achieved pre tax profits of 480,000 on sales of 33.5m, compared with losses of 3m on revenues of 30.3m in the previous 12 months, said Mr Mann.
"This process not only involved bed sheets but also the balance sheet and it quickly became apparent that the company's bank borrowing facilities were too big, too costly and cumbersome and needed trimming back."
Dawson Home Group turns
Myron Mann and Brook Johnson acquired Dawson Home Group, which has its headquarters in Universal Square, Ardwick, in May 2011 from Scotland's Dawson International in a 6.5m deal. They renamed it Brookmann Home Manchester 1877 following the takeover.
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