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Grosvenor Wilton boosts Brockway in a slow year
January 2, 2025
Strong product development within the Grosvenor Wilton brand helped Brockway Carpets to support its revenues in a tough trading year.
Reporting its annual accounts for the year ended 31 March 2024, Brockway's parent company Hoobrook Holdings saw revenue decline by 12% to £17.5m but noted that that result was ahead of the market overall.
Demand was soft said the company with high interest rates depressing consumer demand and energy charges adding to increasing costs.
But the launch of new Grosvenor Wilton stock ranges helped to support the business. "The Grosvenor Wilton heritage in the highest quality flooring and the brand's reputation for design have combined to create a market leading offer," said the company's statement. "The sales from this new initiative have increased the turnover and maintained the margin from the bespoke business which was the majority of sales in the past."
Demand for these ranges has "continued to be strong in the current financial year" says Brockway.
The company also noted that its increased focus on independent retailers "has protected the business from the full potential effect of the failure of the Nestware owned flooring retail businesses [Carpetright/Floor Room]."
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