Flooring manufacturer James Halstead plc has reported strong trading as its Chairman Anthony Wild prepares to step down.

Earlier this year, the company confirmed the intention of Anthony’s resignation from the role and proposed that Mark Halstead, who has held the role of Chief Executive, will step up to the position of Executive Chairman and Gordon Oliver, a Director since 1999 and current Finance Director, will succeed Mr Halstead as the Chief Executive.

In addition, David Drillingcourt, who joined the Board in January 2024 will assume the role of Finance Director.

In a short statement at its Annual General Meeting, Anthony said: “This is my last AGM as I am stepping down as Chairman. We will approve our final dividend of 6.0p per ordinary share – yet another record dividend. This marks the 48th year of increase.

“I am pleased to report that trading in the current financial year is on track to meet our expectations of continued progress. In addition, cash levels remain strong and ahead of the prior year.

“I, and the Board, remain positive about the market most particularly in the healthcare, education and aged care sectors, all of which are areas of government focus on investment both in the UK and overseas.”