Carpet retailer grows sales as profit holds

Carpet retailer Mears Flooring has reported a growth in sales as well as maintaining strong profit.

According to its latest filed accounts for the year ended 31 March 2023, total sales rose 3.1% to £11.5m from £11.2m in 2022.

Pre-tax profit resulted at £2.1m, consistent with the previous year.

Stated within its report, the company said: “After a difficult first half to the year, growth in turnover increased in the second half of the year as the market improved.

“Gross margins remained constant and with the increased turnover operating profit increased by 3%.”

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