Tapi Carpets has shown another £10m turnaround it profitability, after generating record sales.
Sales grew by 7.9% to £171m in 2023, helped by seven store openings during the year.
An operating loss of £1.7m became a profit of more than £8m – reflecting the £10m turnaround in 2021 when a loss of £5m in 2020 became a profit of £5m a year later.
Jeevan Karir, Tapi Carpets md says its proposition is ‘winning through’ despite market conditions and consumer concerns over spending.
The progress continued into the first half of this year, he says.