Flooring underlay supplier Ball & Young has reported a decline in sales while profits rose.

According to its latest filed accounts for the year ended 31 December 2023, total sales fell 12.7% to £28.7m from £32.9m in 2022.

UK sales were down 12.1% to £27.6m from £31.4m, while EU sales decreased 15% to £1.1m from £1.3m.

Pre-tax profit resulted at £11.8m, up from £9.1m recorded the previous year.

Stated within its report, the company, which is part of The Vita Group, said: “The year has been challenging with a sales decline in some markets attributed to both a soft market and, in some cases, losing market share.

“Under new leadership and with significant growth opportunities ahead of 2024, the business will be focussed on addressing the needs of our customers.”