Independent carpets and flooring retailer Calverts Carpets has reported a slight decline in sales as profit remains unchanged.
According to its latest filed accounts for the year ended 31 January 2024, total sales fell 3.2% to £12.1m from £12.5m in 2023.
Pre-tax profit resulted at £1.1m, consistent with the same figure recorded in the previous year. Gross profit margin decreased from 27% to 24%.
Stated within its report, the company said: “The carpet industry in the United Kingdom is expected to remain steady for the foreseeable future, despite the difficulties in the wider economic environment.
“Against this background, Calverts Carpets aim to deliver revenue and profit growth by focussing on key products whilst driving further efficiencies to control costs. Customers have continued to support the business, even within difficult trading conditions.”