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Tile firm's best results in years

By Western Daily Press  |  Posted: May 21, 2014

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Topps Tiles has posted its best half-year profits since the financial crisis as it benefits from the housing market recovery and market share gains.

The UK's largest tile specialist said its first-half pre-tax profit lifted to £8 million from £4.7 million a year ago – its best half year result since it announced a surplus of £17.6 million in 2008.

The Leicester-based business added that current trading in the first seven weeks of the second half of the year lifted 5.6 per cent, having risen by 10.2 per cent in the first six months.

Chief executive Matthew Williams said the firm enjoyed a strong six months amid a steady improvement in UK economic fortunes.

Mr Williams added: "Our first half sales growth was significantly ahead of the overall tile market. Our strategy continues to focus on market share gains."

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