Nestware snaps up UK Flooring Direct

Carpetright parent Nestware has bought online flooring retailer UK Flooring Direct.

The group bought UKFD from administrators in a pre-pack transaction. Terms were not disclosed.

In the year to the end of November 2020, UKFD – founded in 2004 – saw sales leap to £53.1m from £28.1m in the eight months to the end of November 2019. It has not filed any accounts since then: its accounts for the 2020/2021 period were due to be filed by last November.

‘I’m pleased to say that we’ve found in Nestware the ideal partner to continue our long-standing heritage as a leading provider of flooring to the UK consumer and trade markets,’ says Jason Ashby, UKFD ceo.

‘Nestware is dedicated to transforming the way consumers and trade customers buy flooring across Europe,’ says Kevin Barrett, Nestware Group ceo. ‘The acquisition of UKFD is a testament to this commitment. Together, these brands will shape the future of the flooring industry and redefine the way consumers shop for flooring online.’

Nestware says by integrating UKFD into the group, it aims to ‘leverage synergies between the brands to offer an even more comprehensive product range, improved customer experiences, greater value and stronger after-sales support. Furthermore, this acquisition allows the group to reach a wider audience, extending its footprint across the UK. This strategic move marks a significant milestone in Nestware’s mission to change the way people buy flooring.’

‘I’m very pleased that following an accelerated sale process run by our special situations M&A team, we have been able to secure a future for UKFD. The sale safeguards all of UKFD’s 85 employees in Coventry and gives the business the strategic backing it requires to fulfil its ambitions. As part of the sale agreement, any outstanding customer orders will also be fulfilled,’ says Paul Meadows, joint-administrator.

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