Carpet manufacturer Shaw Contract has reported another growth in sales while losses widened.
According to its latest filed accounts for the year ended 31 December 2022, total sales rose 14.5% to £34.7m from £30.3m in 2021, adding to its growth of 106% from £14.7m in 2020.
UK sales were up 14.8% to £24m from £20.9m, while rest of the world sales rose 13.8% to £10.7m from £9.4m.
Pre-tax losses resulted at £2.9m, widening from a loss of £1m recorded in the previous year. Gross margin improved from 7.9% to 10.4% during the period.
Stated within its report, the company said: “In 2022 sales have increased primarily in the UK. Changes will be implemented during 2023 to drive the same level of growth in other markets.”