Flooring distributor TradeChoice Carpet & Flooring has reported a growth in sales although losses widened.

According to its latest filed accounts for the year ended 31 December 2024, total sales rose 4.3% to £122m from £116.9m in 2023.

The Tradechoice website has seen a good uptake and growth in 2024, with annual sales exceeding £5m.

EBITDA stood at a loss of £2.4m, down from a profit of £1.9m, while pre-tax losses resulted at £5.5m, widening compared to its loss of £0.8m recorded in the previous year.

Stated within its report, the company, which is part of the Nestware Holdings group, said: “The business had a decline in financial performance.

“Caused by slower than expected sales traction in loss-making new sites, the opening of ST Albans site in 2024 has also impacted costs and some large restructuring costs with the failure of Carpetright in July 2024.

“This resulted in the closure of our operations out of Purfleet, & Chessington sites. The flooring market remains challenging and is reflected in the flat sales performance on existing sites.

“In 2024 as part of the Southeast growth plans the Company acquired the ST Albans leasehold, commencing trading out of this site in June 2024. Our new site in ST Albans has taken a lot of the Purfleet volumes and is proving invaluable in supporting the Southeast customers.

“T&R Floor covering distributors has been hived up into Tradechoice operations from December 2024 and will provide the company with additional growth throughout 2025, whilst allowing T&R customers to benefit from national coverage and extended ranges.”