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Two of Britain’s flooring superpowers—Amtico and Karndean—swept up a bigger share of the market in 2014 as consumer demand for luxury vinyl soared.


Privately owned Karndean and Coventry based Amtico, owned by US conglomerate Mannington Mills, each grew sales double-digit last year.


Evesham based Karndean posted record sales of £55.7m, a rise of 15.2 per cent (£7.3m) including UK sales growth of 17.7 per cent to £47.8m.


Turnover at Amtico for the same period—the year to end December 2014—was up 12.3 per cent to £81.5m, also buoyed by UK growth as well as inter-company sales to its US parent.


Operating profits* rose 41 per cent to £8m for Amtico, while profits at Karndean climbed 23 per cent to £8.4m with the company doubling year-end net cash to £5.5m (2013: £2.6m).


* We’ve used operating profit to provide a more meaningful comparison between the two businesses. Karndean profits at the pre-tax line were consistent with its operating profit; Amtico (Maneto (UK) 3 Ltd) lost £7,000 (2013: £446,000) at the pre-tax line, which reflects its different ownership structure including factors such as intra-group debt servicing.