The value of floorcoverings imported into the U.K. fell high single-digits in 2023 with wood and vinyl flooring dropping at a faster rate than carpets.

The Rug Company, the private equity backed rug supplier targeting wealthy consumers and interior designers, will next month open its fourth London showroom.

The number of VAT-registered furniture retail enterprises declined by 3.7 percent last year with Yorkshire the hardest hit region and the independent sector more impacted than multi-store businesses. By contrast, flooring retailers climbed in number.

Insolvency comes within seven months of Manchester based company being sold.

Mohawk Industries, the world's largest floorcoverings company and a major supplier in the U.K. across multiple product categories, says it expects the recovery of demand in Europe to lag other territories worldwide.

Axminster Carpets has become the latest home furnishings industry manufacturer to feature on Inside The Factory, the BBC documentary series.

A large South East floorcoverings contractor with four offices around the U.K. warned it is on the brink of insolvency in a court filing on Thursday.

Tax authorities and financial creditors look set to lose out following the closure of large South West flooring independent Cullingford Carpets last year.

The Flooring Show, the dedicated trade show for the U.K. floorcoverings industry, is to be 30 percent bigger this year after organisers agreed to take on additional space.

The closure of a North East smooths floorcoverings distributor has left its closely-affiliated Belgian supplier nursing a sizeable six-figure debt.

The West Yorkshire rug and mat manufacturer behinds brands such as Howler & Scratch and Rug Guru plans to invest another £3 million on factory upgrades having spent a similar sum last year.

Carpetright owner Nestware Holdings helped finance the buyout of U.K. Flooring Direct with a loan to its ecommerce unit that runs brands including Flooring Supplies and Flooring Megastore.

Floorcoverings distributor Headlam Group is expected to post profits down by more than two thirds when it releases full year results for 2023 in the spring.

Floorcoverings distributor Likewise Group has paid the former owners of the Valley Carpets business it acquired at the start of 2022 a further £3.86 million in contingent consideration, meaning no further payments are now due.

The value of carpet imports into the U.K. declined in November despite continued strong trade with Turkey.

The Belgian carpet manufacturing group behind brands including ITC, Modulyss and Bentley has agreed a new revolving credit facility as part of a wider refinancing of the business.

Rising costs and the falling away of Covid-support schemes negated revenue growth at Tapi Carpets & Floors in 2022, accounts public over the weekend showed. It remained profitable at EBITDA level, and says it has made gains since.

Designer Contracts, the circa £40 million turnover floorcoverings contractor that majors in supplying the new-build property sector, has launched an in-house sustainability initiative, empowering its employees to further build its eco credentials.

James Sturrock has taken a new post outside the home furnishings sector following his departure as chief executive of Tapi Carpets & Floors, which has been operating under new leadership for some time.

Shares in rival U.K. floorcoverings distributors Likewise and Headlam gained as the former delivered an upbeat assessment of last year and its outlook for the period ahead in a trading update on Thursday.

Condor Group will continue to use the historic Betap name and branding following the takeover of its Dutch carpets compatriot, citing its worldwide resonance in the floorcoverings sector.

A diversified retail and leisure company that runs a handful of Frank's The Flooring Store branches across the North East booked record profits last year in a period of continued expansion.

A large positive swing in gross margin helped rug wholesaler Asiatic Carpets shrug off the impact of output falling to more normal trading levels through 2022/23.

Adjusted profits were close to flat for the Ulster Carpets group through 2022/23 as sales jumped to an all-time high to counter the impact of thinner margins.

Inflation and sales growth mean more than 10 percent of all U.K. floorcoverings retailers now have a turnover north of £1 million, according to 2023 data from HM Revenue & Customs.

Consumer household furniture prices stabilised in November, as official data showed a first rise in inflation in the category in nearly a year and a half. By contrast, stubbornly-high flooring inflation eased to a 33-month low.

Dutch carpet producer Condor is to consolidate and build its status as the largest carpet producer in mainland Europe with the planned takeover of Betap, its hitherto family-owned compatriot.

Britain's biggest floorcoverings wholesaler has agreed a settlement with insurers, nearly two years after the fire that destroyed its MCD Kidderminster distribution centre in December 2021.

A large increase in trade with Turkey helped power a first rise in the value of carpet imports in four months in October. Volume growth was even stronger.

Multi-site flooring wholesale group Likewise said year-to-date revenue remained up double-digit by November but the rate of growth has fallen 4 percentage points since the date of its half-year results.

Victoria sold 175,000sqft former Westex carpets factory last year, but sale price hadn't previously been disclosed.

Flooring trade buyers looking to comprehensively scour the market for new products face a tight January schedule with two major concurrent international events each saying they will host a wide array of exhibitors.

Flooring conglomerate Victoria last week recouped tens of millions of euros after closing a transaction to sell off surplus property in Belgium acquired as part of its takeover of Balta's rugs and U.K.-oriented broadloom carpet activities last year.

The executive chairman of Victoria has moved to reassure investors regarding the resignation from the board last week of the co-founder of one of the flooring group's largest shareholders.

Upholstery and flooring retailer ScS has appointed Phil Geary as chief marketing and digital officer, filling a post vacated earlier this month after Kyle Rowe took a new position elsewhere.

Floorcoverings conglomerate Victoria has reported a half-year net loss of £22.5 million on weak demand, higher finance costs and a slew of underlying restructuring line items.

Antony Batty & Co appointed at South West floorcoverings retailer on Monday following notice of intent filing ten days ago.

Carpet imports into the U.K. declined for the third straight month on a value basis in September and at a steeper rate than in the year so far.

Flooring supplier Victoria received almost universal backing from shareholders to accept the company's 2022/23 accounts and reappoint its auditor on Monday, but its share price fell sharply, paring back recent gains.

One of the largest single-store carpet retailers in the South West of England faces an uncertain future after administrators were lined up to take control of the company's affairs late last week.

The privately-owned flooring group behind regional distributors such as Pennine Flooring, Volante and Planners Services booked lower profits last year as rising costs mitigated the impact of higher output.

Associated Weavers says the launch of its new state-of-the-art warehouse in Northampton can help it recover share lost in the cut-length market segment as a result of events outside its control.

A West Midlands carpet retailer has folded leaving large tax liabilities but no debt to suppliers. Its owners launched a new flooring company earlier this summer.

Mohawk Industries, the world's largest floorcoverings company and a major supplier to the U.K. market, reported a third quarter net loss of $760 million after a non-cash asset write down.

Speculation that the qualified audit opinion delivered on the 2022/23 financial accounts of flooring roll-up Victoria would lead to a change of auditor for next year has proved unfounded.

Weaker sales and higher operating costs hampered profits at the U.K. distributor of well-known flooring brands such as Quick-Step, Pergo and Balterio last year.

Sales hit nine figures for TradeChoice Carpet & Flooring in 2022 amid multi-million pound investment ahead of the launch of its new transactional website and additional depots this year.

The market capitalisation of AIM-listed flooring manufacturer and distributor Victoria fell by more than £70 million in a single day on Monday with its value now almost half what it was a month ago.

Belgium, habitually the largest exporter of carpets to the U.K., slipped to third in the rankings at the height of summer as it was usurped by near-neighbour Netherlands and fast-emerging rival Turkey.

Profits declined at flooring giant Amtico last year as it absorbed rising costs and upped its warranty provision in relation to a discontinued product line.

Flooring distributor Kellars has expanded its distribution network with the buyout of an independent South Wales supplier.

Fleur Carson has been promoted to U.K. managing director at Karndean Designflooring. She succeeds Paul Barratt, who has decided to step down after 11 years in the role at the luxury vinyl tile supplier.

Securing better buying terms led to a huge leap in gross margin for Scottish carpet warehouse retailer J&W Carpets through 2022/23, helping to offset weaker demand.

The market cap of flooring roll-up Victoria dropped by more than £67 million in a single day on Tuesday in what proved a rough day all round for floorcoverings conglomerates.

Flooring conglomerate Victoria moved to reassure shareholders on Friday after what it described as the "considerable reaction" to its auditor offering a qualified opinion on its 2022/23 results, a consequence of incomplete accounting records at a subsidiary called Hanover Flooring.

Roy Povey, one of several former Headlam executives who helped established challenger flooring supply group Likewise five years ago, is to stand down as chief financial officer.

Peter Kelsey, md of Chesterfield-based Designer Contracts, has been made a patron of North Derbyshire’s Ashgate Hospice, in recognition of the floorcoverings supplier's longstanding support for the charity.

Inaugural full disclosure accounts reveal West Yorkshire ecommerce retailer Luxury Flooring to be one of the largest currently operating in the category.

The ownership positions of major shareholders in Tapi Carpets & Floors including the founder of DFS and the deputy chairman of Dunelm remain undiluted despite thousands of shares changing hands and the issue of new equity.

The group behind North West manufacturer and flooring insurance claims handler Cavalier Carpets found earnings growth last year despite lower revenue.

Flooring distributor STS says the second half of 2023 has got off to a promising start after a softer trading period stymied efforts to hit targets earlier this year.

Aquafil, the world's largest supplier of textile flooring yarn, is planning to close its Scottish carpet yarn facility with the expected loss of more than 30 jobs.

Home furnishings retailer Glasswells has presented Graham Vale, deputy carpet manager at its Bury St Edmunds store, with an award for 50 years of service.

Carpet imports returned to negative year-on-year territory in July after a rare increase at the start of the summer proved to be just a blip.

Flooring giant Headlam last Wednesday completed the second of two under-the-radar summer acquisitions as the Midlands wholesale giant continues to bolster its distribution network.

Tufted and woven carpet exports from Belgium, Europe's largest carpet manufacturing nation, dropped last year as the Netherlands, its biggest rival and near-neighbour, made gains.

Turnover went from over £9 million in 2019 to a fraction of that within two years as the Covid-19 pandemic obliterated a leading flooring contractor's business, leading to its eventual closure.

Underlay supplier Ball & Young found top line growth last year saying new customers came aboard as specifiers and consumers are increasingly demanding real sustainability that goes beyond fine words and hopeful claims.

The wait to unveil a new managing director at Carpetright, Britain's largest floorcoverings retailer, continues amid change elsewhere in the boardroom.

The market capitalisation of flooring conglomerate Victoria dropped by nearly £53 million on Tuesday after the company said its auditors have requested further time to complete their final audit procedures.

Consumer prices rise for household furniture eased to their lowest level in over two years last month, but flooring inflation remains stubbornly high.

The value and volume of carpet imports into the U.K. advanced for the first time so far this year in June, but the improvement was not enough to eliminate the decline in first half trade.

Dutch carpet manufacturing giant Condor Group, a major supplier to the U.K. market, has completed a takeover of the assets of a compatriot manufacturer after it filed for insolvency.

Karndean has disclosed the terms of its buyout of mFlor International having announced a takeover of the Dutch luxury vinyl tile supplier earlier this year.

Adjusted profits jumped double digit for Karndean last year as the luxury vinyl tile (LVT) floorcoverings supplier found revenue growth across world markets.

Carpet Recycling U.K. (CRUK) has become the sixth trade association from the furniture and furnishings sector to become a member of the British Furniture Confederation (BFC), the organisation which liaises with, and lobbies, Government on behalf of the industry.

A large independent rugs retailer trading from one of the main roads in and out of London has folded leaving large debts, mainly to the tax authorities and financial creditors.

National flooring supplier Designer Contracts has moved into larger office premises in Yorkshire to accommodate growth and future proof its operations in the area.

Axminster Carpets believes it can make vastly bigger savings than previously thought now that it is two years into a three-year programme to completely reconfigure the business.

Upmarket retailer The Floor Room is partially rebranding its flagship Tottenham Court Road debut store in a move that puts distance between itself and its larger, more massmarket sister brand.

Stakeholders at a southern England distributor majoring in the supply of floorcoverings to new housing developments were targeting the completion of a business restructuring after administrators were called in on Thursday.

Flooring wholesale giant Headlam Group found more growth from white collar retail buyers than white van man fitters in the first half but still warned on profits after citing weaker than forecast residential volumes.

The volume and value of carpets imported into the U.K. declined for the fifth consecutive month in May after a further decline from Belgian producers.

Stakeholders in the regional retail, wholesale and contracting company behind the Tile & Floor brand in Bath have completed an insolvent restructure that saves jobs but compromises creditors.

Keswick Flooring acquired the business and assets of U.K. Flooring Direct (UKFD) for £6.4 million in cash, restructuring advisors have disclosed in a report to creditors.

The owner of Wilton Carpets found big revenue growth last year but profits declined on thinner margins and higher costs.

The unwind of an elevated stock position helped rug distributor Flair Flooring bolster its cash levels last year, despite recording lower profits.

Bradford rugs and homewares supplier Melrose Interiors found trade more challenging last year ahead of its sale to the U.K.'s largest floorcoverings distributor.

Acquisitive flooring retail and wholesale group Nestware Holdings has disclosed the terms of the early 2021 buyout of TradeChoice Distribution for the first time.

Profits were flat at high-end engineered and solid wood flooring supplier V4 last year as double-digit cost inflation countered rising sales.

One of Victoria's largest European floorcoverings subsidiaries is proposing the closure of its carpet tile manufacturing facility in South Wales, saying it is no longer viable.

Keswick Flooring, part of the Nestware Holdings group that also owns Carpetright, has acquired the business of UK Flooring Direct in a deal that saves jobs and ensures outstanding orders will be fulfilled.

Expanding flooring distributor Likewise Group said it had maintained high double-digit revenue growth in the first half of 2023 as it delivers on its strategy of increasing market share.

Wilton Carpets says a seven-figure investment in new state-of-the-art high speed loom technology has cut power consumption by 15 percent and boosted production capacity by 500,000sqm per year.

Carpet manufacturing giant Cormar made a conscious decision to absorb some rising costs to remain competitively priced and protect sales last year. It was a period that coincided with heavy investment and shareholder returns.

Rising revenue was not enough to prevent profits falling at the group behind the 57-store United Carpets & Beds franchise last year. Cash also declined, in part down to loans to related party companies.

Manufacturing giant Ulster Carpets will broaden its offer after agreeing to buy Alternative Flooring, the Hampshire based supplier of natural fibre carpets and rugs.

The emergence of a new 35-store floorcoverings retail chain would ordinarily be a concern for the market leader in the category. Unless they both happen to share the same owner.

The Floor Room is taking over the running of the floorcoverings departments across the John Lewis estate but there are no plans to mirror that in other key home categories such as furniture or beds.

Carpetright has developed a project designed to improve the lives of families living in social housing across the U.K. with the aim of reducing the number of vulnerable people being left living with bare floors.

Profits declined at Designer Contracts in a year in which the flooring and furnishings supplier said its large stockholding capacity had enabled it to meet customers' requirements.

Dozens of consumers face a battle to recoup cash after the collapse of an independent carpet retailer based in the North West of England.

Carpet imports into the U.K. declined 15 percent by value in April with lower figures seen across all major source nations. Belgium suffered the largest fall.

One of the U.K.'s largest independent flooring contractors that provides full nationwide coverage has put creditors on alert after it filed a notice of intent (NOI) to appoint an administrator.

Profits declined last year at Lawton Yarns, a key cog in the U.K. carpet manufacturing supply chain, as it made a strategic focus to secure volume to protect the business and position it to grow when economic pressures subside.

Shares in the U.K's largest floorcoverings distributor fell to their lowest level in over seven months on Thursday after it had earlier said it was taking steps to address a reduction in gross margin.

The CEO of Nestware Holdings says the flooring group is part way through a process to hire a new managing director for Carpetright, its largest retail brand, having recently appointed a new finance director.

National floorcoverings distributor TradeChoice Carpet & Flooring will expand its depot network by half this year, starting with a new facility opening next month.

The Floor Room, the flooring retail brand launched by Carpetright owner Nestware two years ago, is to take over responsibility for all of John Lewis’ fitted flooring, from customer consultation to installation.

International floorcoverings supplier Victoria has moved its registered headquarters to the company's purpose-built 185,000sqft distribution and administration centre at Worcester.

Losses widened at fast-expanding floorcoverings distributor Likewise Group last year despite top line gains driven by acquisition and organic growth from a larger market presence.

U.K. importers continued to buy in less carpet in March as both the value and volume of goods arriving at British ports fell again, new figures show.

The write-off of a related party loan was behind furniture and flooring rental retailer Pay Weekly Carpets & Vinyl reporting a loss last year despite rising output from its in-house sofa manufacturing unit.

National retailer Tapi Carpets & Floors has launched a programme of eco-friendly carpets manufactured from recycled polyester and plans to add further sustainable smooth flooring options in the near future.

Connection Retail, the group behind brands including Flooring Superstore and Direct Wood Flooring, has restructured its cost base after a year in which it incurred a seven-figure deficit.

Kellars expects to grow by a fifth in its current financial period after the the first full year impact of its depots in Glasgow and Rugby helped boost its national profile last year.

Stronger gross margin helped protect profitability for Ireland, Northern Ireland and Scotland wholesaler Flanagan Flooring last year amid rising costs and lower revenue.

The longtime private equity backer of Brintons says it has successfully negotiated revised debt covenants with the banking syndicate that lends to the group, shoring up the historic carpet maker's finances.

Flooring group Victoria says the laying off of hundreds of workers at Balta plants in Belgium and the shift of production to factories here and in Turkey will deliver synergy gains of no less than €15 million per year.

Consumer price inflation for household furniture eased to a 19-month low in March while input cost inflation at the furniture factory gate fell to its lowest level in over two years.

A multi-showroom London floorcoverings company has put creditors on alert after it filed a notice of intent to appoint an administrator (NOI).

Nestware, the owner of both Britain's largest floorcoverings retailer and standalone wholesale business, says it has already realised synergies from the separate 2020 buyout of a major flooring etailer.

The value of carpet imports into the U.K. was flat in February as higher prices compensated for a double-digit decline in volumes.

Higher sales to the residential and hospitality markets along with an uplift in demand from U.K. interior designers serving customers in the Middle East boosted a top-end rug distributor last year.

Heritage carpet industry supplier Bonar Yarns has been placed into administration but restructuring advisors say they remain hopeful of finding a buyer for the business as a going concern.

The company behind the Burmatex carpets brand deleveraged through 2022, a year that saw it make top and bottom line gains.

Flooring wholesaler Likewise Group has taken possession of its 47,000sqft high bay distribution centre in Glasgow ahead of it becoming fully operational later this spring.

Upholstery and flooring retailer ScS is to evaluate how consumers respond to DFS cutting its interest free credit offer by 12 months earlier this month, but says its own focus will remain offering optimum value.

A South East floorcoverings supplier filed a second notice of intent to appoint an administrator on Tuesday as stakeholders closed in on an apparent restructure.

Bensons for Beds will this weekend expand its West Midlands retail footprint with the launch of a new store at Erdington to the northeast of Birmingham city centre.

The year-on-year value of carpets imported into the U.K. declined 4.3 percent in January, a first drop in monetary terms since the summer of last year.

A second straight period of growth helped North West flooring manufacturer Penthouse Carpets to last year achieve its highest sales since the financial crash of 2008.

Britain's largest flooring wholesaler says it wants to grow its business with larger retail and trade customers by more than £100 million over the next five years.

A North West flooring and wall tile company has folded with seven-figure debts after a late 2020 company voluntary arrangement (CVA) agreement with creditors failed to complete.

A Walthamstow flooring company has folded leaving more than a dozen carpet, wood and vinyl suppliers owed five-and-six-figure sums.

The Carpet Foundation, the manufacturer-funded body that promotes carpet generically in the U.K., is to undertake a new burst of consumer advertising after the success of a similar campaign last year.

Privately-owned furniture retailer Glasswells has remodelled its Ipswich home furnishings store to create what it called a brighter and more contemporary atmosphere.

Martin Peace, an until-now near constant presence at major carpet supplier Abingdon Flooring in the decades before and after it became part of the Victoria group, has retired.

A three-year programme to consolidate factory space will save Axminster Carpets a seven-figure sum annually and rightsize the business for the future, its owners have said.

Victoria-owned Balta is proposing the transfer of wall-to-wall carpet production from Belgium to the U.K., citing challenges being able to make products profitably in its homeland.

Mohawk Industries, the world's largest floorcoverings supplier, said all of its European flooring categories experienced significant volume declines in the fourth quarter as customers cut back spending.

U.K. importers bought 12 million sqm of carpets and rugs into the country in December as volume growth returned after four straight year-on-year declines.

Flooring conglomerate Karndean has acquired Dutch Luxury vinyl tile (LVT) contemporary mFLOR International in a deal that bolsters its presence in mainland Europe.

Staffordshire floorcoverings group Brookvale grew profits last year as revenue climbed by nearly a third across its regional distribution network.

The three largest regional distributors of a Staffordshire based floorcoverings and flooring supplies wholesale group operating across England, Scotland and Wales all delivered big growth last year.

Britain's biggest floorcoverings retailer has been told to amend its marketing claims by the advertising watchdog after a complaint by its largest rival in the sector.

Calverts Carpets booked record profits for the second straight year after the regional floorcoverings retailer achieved its highest sales in over a decade.

Privately-owned regional floorcoverings retailer Floorstore expanded its West Yorkshire store footprint late last year after agreeing a new debt funding package.

Former DFS chief marketing and commercial officer Toni Wood has taken another C-suite role in the U.K. furnishings sector after joining Headlam Group as chief customer officer.

U.K. importers bought 13.1 million square metres (sqm) of carpet into the country in November as volumes declined for the fourth month in a row.



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