Hardwood flooring specialist Ted Todd has reported consistent sales as profit slightly dipped.

According to its latest filed accounts for the year ended 31 March 2025, total sales rose 0.6% to £16.4m from £16.3m in 2024.

Pre-tax profit resulted at £866,000, down from £1.1m year-on-year.

Stated within its report, the company said: “External factors including inflationary pressures, high interest rates and the ongoing cost of living crisis have continued to impact trading conditions in the UK during the year and as a result the Company’s turnover remained consistent with the previous year.

“However, despite these difficult conditions, sales of the Company’s market leading brands still performed well and contributed to an increase in the gross margin to 44.2% (2024: 42.3%). Mainly, as a result of the improved gross margin, the gross profit increased by £360,244 to £7,269,074.

“During the year, the Company invested in a new distribution and manufacturing facility consolidating separate locations to one modern building at the Head Office site. This relocation of operations resulted in a substantial amount of one off and duplicated costs in the year which has significantly contributed to the increase in Administrative expenses. The Company now operates from a single location which is already delivering benefits.”