Tile retailer maintains strong sales despite small decline

Independent wall and floor tile importer and retailer Al-Murad has reported another strong year of revenues despite a slight decline in sales.

According to its latest filed accounts for the year ended 31 March 2023, total sales fell 2% to £38.9m from £39.7m in 2022. Pre-tax profit resulted at £3.9m, down from £6.7m recorded the previous year.

Stated within its report, the company, which operates across 40 stores and 30 family run franchises throughout the UK, said: “The year under review brought unique challenges as a result of the pandemic and Brexit, the Company was able to respond and adapt using resources available.

“The performance of the Company during the year exceeded expectations. The core growth came from online platforms as consumers were directed to shop online during the various government imposed lockdowns during the year. The company was able to maintain supply and selling prices due to readily available stock at its warehouse and as such improving the overall gross margin for the year.

“The Company continues to invest in modernising stores, logistical infrastructure, invest in significant IT projects, and marketing campaigns aimed at improving the customer experience. The Company continued in broadening its supplier relationships around the world sourcing the best quality products at the lowest price.”

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