Tapi Carpets saw operating profits almost double, including the first six months of its ownership of the Carpetright brand, last year as it achieved consecutive years of profitability for the first time.
Profits rose from £8.1m to £15.9m in the year ended 28 December, as sales rose by a third to £227m. Like-for-like sales have grown in the first half of 2025.
‘We achieved strong organic growth during 2024 in a challenging market. Continued investment into new stores, ongoing improvements to our flooring ranges, combined with a deep focus on our end-to-end customer experience and great value, is enabling Tapi to outperform the wider market,’ says Jeevan Karir, Tapi Carpets ceo.
‘Looking ahead, I’m proud of what the team has achieved so far in 2025, with 42 Carpetright to Tapi conversions now completed along with 19 concessions with our new partner, John Lewis, giving us nationwide coverage across mainland UK. I’m confident we’ll deliver another year of significant profitable growth despite £2.3m of higher annual employment costs resulting from the 2024 Budget.’
