Sales down at carpet supplier but profit returns

The owner of carpet manufacturer Wilton Carpets, Wylye Valley Holdings, has reported a slight decline in sales but a return to profit.

According to its latest filed accounts for the year ended 31 August 2021, total sales fell 26% to £5.6m from £7.6m in 2020.

Gross profit was also down from £2.7m to £2.2m. Despite the decline, the company returned to profitability at £153,000, compared to its loss of £56,000 the previous year.

Stated within its report, the company said that the pandemic had impacted performance, leading to the decline in revenues during the period.

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