Flooring retailer Tapi Carpets has reported a growth in sales and profit.

According to its latest results for the year ended 31 December 2024, total sales rose 32.9% to £227.2m from £170.9m in 2023.

Pre-tax profit resulted at £17.7m, up from £9m recorded in the previous year.

Stated within its report, the company said: “This year’s growth in customer numbers and higher revenue reflects the strength of our proposition and the unwavering focus on delivering an exceptional experience at every stage of the customer journey.

“A significant development during the year was the acquisition of 54 stores, four warehouses, the brand intellectual property following the administration of Carpetright Ltd. This strategic acquisition enabled the group to broaden its geographic presence into previously underserved regions across the UK while preserving over 350 jobs. It represents a meaningful step forward in strengthening our market position and supporting long-term growth.

“Despite the challenging market backdrop, the business delivered another year of strong revenue and margin growth. A disciplined approach to cost control, alongside efforts to reduce waste and inefficiency, contributed to a profit before tax of £17.7 million.

“Our targeted capital investments are designed to support future growth by enabling the business to scale efficiently. Together with ongoing operational improvements, these investments strengthen our foundations for long-term success.

“The business remains focused on its strategic objectives and delivered double-digit positive like-for-like revenue and gross margin percentage growth in the first half of 2025.”