havwoods

Flooring supplier grows sales and profit

Flooring supplier Havwoods has reported a growth in turnover as sales surpassed £40m.

According to its latest filed accounts for the year ended 31 December 2021, total sales rose 12.2% to £43m from £38.3m in 2020.

UK sales were up 7.6% to £35.3m from £32.8m, with revenues also growing overseas, increasing 30% to £7.7m from £5.9m.

Gross profit increased from £12.5m to £15.3m, while pre-tax profit resulted at £6.6m, up 64% from £4m recorded the previous year.

Stated within its report, the company said that gross margin improved to 35.7% from 32.9% and that since the pandemic, the business has continued to take advantage of technology implemented in recent years, including its floor visualisation tools that help maximise sales.

“Due to Havwoods reputation as an attractive partner, we regurlary receive requests from new suppliers hoping to work with us, and we have brought some on board recently,” the company added.

“We feel we are strongly placed in the market to maintain and build our business.”

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