Tile supplier Walls and Floors has reported a slight dip in sales and profit.

According to its latest filed accounts for the year ended 31 December 2023, total sales fell 0.8% to £23.1m from £23.3m in 2022.

Pre-tax profit resulted at £318,000, down from £780,000 recorded the previous year.

Stated within its report, the company, part of the Tile Mountain Group, said: “During the year, the company maintained a consistent revenue and produced a significant level of profit. This outcome was achieved in a challenging market, with significant inflationary pressures and the rising cost of borrowings.

“The company continues to seek profit growth by the introduction of new revenue streams and diversified product ranges. New products were launched in 2023 and further ranges will be launched in future years.”