A leading supplier to Britain's floorcoverings industry says it will temporarily reduce order-fill as unprecedented demand has outstripped its "ability to manufacture by several times over."

Britain's third biggest floorcoverings retailer slipped to a loss in 2019–20 as it booked a number of Covid-19 related provisions.

Underlying profits fell despite a near 10 percent rise in revenue at flooring conglomerate Victoria in the year to March 28. It booked a net loss after writing down goodwill by £50 million.

Headlam Group's new 190,000sqft Ipswich distribution centre, first announced almost six years ago, is now operational and ready to service customers.

Carpet imports into the U.K. declined 62 percent year-on-year in May, the weakest comparative so far this year.

Organisers of trade exhibition The Flooring Show in Harrogate say they will announce new dates soon after postponing the original early autumn dateline.

Premium wood flooring and worktop manufacturer Junckers maintained sales here last year and was budgeting for U.K. growth in 2020 before the coronavirus hit.

Mohawk, the international floorcoverings conglomerate and the biggest company in the sector worldwide, says it will "vigorously defend itself" against allegations made in a class-action lawsuit.

Balta Group, responsible for nearly a fifth of all carpets imported into the U.K., said second quarter sales fell more than a third with residential products hardest hit.

Sales and profits climbed at one of the U.K.'s largest privately-owned flooring wholesale businesses last year as it expanded into new geographies.

Sales and underlying profits fell for Yorkshire rug distributor Melrose Interiors last year but a gain on the sale of property meant net income still climbed.

Designer Contracts, a major floorcoverings and furnishings supplier to the new-build sector, has bolstered its workforce with 25 new recruits across its national network.

After confirming a plan to move its yarn-spinning operations to mainland Europe, Kidderminster based carpet maker Brintons is now proposing to further consolidate its British manufacturing operations.

Flooring distributor and manufacturer Victoria has taken steps to tie-in the future of senior managers across the group with the launch of a new long-term management incentive plan.

Flooring franchise chain United Carpets Group says it is in advanced talks to secure additional funding but says it will have enough liquidity to see it through "this extraordinary period."

Victoria, the diversified floorcoverings distributor and manufacturer, says U.K. and European carpet sales are rallying now lockdowns have been eased across the continent.

The closure of an online contemporary rugs retail business has left creditors including HM Revenue & Customs with a hole in their finances.

Containers arriving from the Far East prevented the total collapse in the value of carpets and rugs passing the U.K. border in April, according to new Government figures.

Ecommerce floorcoverings retailer U.K. Flooring Direct bounced back into the black in its latest financial period after a leap in pro-rata demand.

National flooring retailer Tapi Carpets agreed millions of pounds in new borrowing as part of an earlier-signposted funding round that saw shareholders subscribe for new equity.

Floorcoverings supplier Designer Contracts has relocated to a new head office in Chesterfield, a building four times the size of its predecessor.

Any hopes U.K. and international carpet makers had for a flood of new orders from Headlam may be dashed as Europe's largest wholesaler said it would use existing inventory in the short-term.

Having declined by a third in February, the value of carpets arriving on British shores diminished further at the end of the first quarter.

The owner of a five-store floorcoverings warehouse chain in the South East of England incorporated a new business ahead of the placing of an existing enterprise into liquidation last month.

Former Eve Sleep CEO James Sturrock will this week join floorcoverings retailer Tapi Carpets as its new leader, according to The Telegraph.

Balta, Europe's largest textile flooring manufacturer and a major supplier to the U.K. carpet market, says it will start ramping up production in June but warned it won't be operating at full capacity any time soon.

The Yorkshire wool supplier that ceded control of Axminster Carpet earlier this year booked a bigger loss for the period that led up to its spring 2019 restructure, but made inroads into debt.

Equity holders subscribing for newly-issued shares have taken total investment in the now-five-year-old floorcoverings retail chain Tapi Carpets to well over £50 million.

Independent floorcoverings retailers bolstered their market position amid challenging trading conditions last year according to Brintons, the major Kidderminster carpet conglomerate.

The carve up of the Axminster Carpets group leaves creditors facing a shortfall of up to about £9 million, despite a number of asset sales generating cash for their benefit.

Designer Contracts, the national floorcoverings contractor, is unfurloughing staff and resuming fitting services as its customer base emerges out of lockdown.

Imports of carpets from Belgium declined by almost a third in February as U.K. retailers and wholesalers pivoted to its biggest national competitor.

North West distributor Flair Rugs achieved a decade of consecutive year-on-year sales growth after output climbed again last year, new accounts show.

Victoria, the diversified flooring producer and distributor with operations in multiple countries worldwide, says it can survive even the most severe scenarios presented by the coronavirus pandemic.

Headlam Group, Europe's largest floorcoverings distributor, says the opening of its new regional distribution centre has been delayed after European contractors were recalled due to travel restrictions.

Carpetright, Britain's biggest floorcoverings retailer, is to sponsor Exeter City Football Club for three years starting from the beginning of next season.

The competition watchdog has waved through the sale of Dewsbury carpet yarn supplier Lawton Yarns to new buyers, saying no third parties objected to the deal.

Headlam Group, Europe's largest floorcoverings wholesale group, has agreed to buy Lancashire distributor Supertex Furnishings from its private shareholders.

Carpet maker Balta Group, Europe's largest textile floorcoverings manufacturer, said U.K. sales fell sharply in the final quarter as its customers reversed earlier spending patterns.

Carpet maker Burmatex shrugged off weak trading conditions to outperform the commercial floorcoverings sector last year.

To read the full story: