Commercial flooring manufacturer and international distributor, James Halstead plc, has reported a decline in sales.

According to its latest results for the year ended 30 June 2025, total sales fell to £262m from £274.9m in 2024.

Pre-tax profit resulted at £55.1m, slightly down from £56.2m recorded in the previous year. Gross margin improved from 44.1% to 44.5%.

UK sales were £111.7m (2024: £110.7m) a 1% growth. The gross margin within the Polyflor business increased to 43.4% (2024: 42.5%) because of positive product mix with specialist flooring (such as the SD / EC ranges) being a larger part of sales and balanced production scheduling.

Notwithstanding the margin improvement on sales the loss of sales volume to its international subsidiaries inevitably affected profitability.

Mark Halstead, Executive Chairman, commenting on the results, said: “Despite headwinds in the commercial flooring sector it was a solid performance with a cash conversion rate of 1.23. Looking ahead, we have continuing product and process improvements and I, and the Board, remain confident that the future offers many opportunities and on-going profitable growth.”