In its recently filed accounts for 2024, STS Flooring Distributors has revealed that in 2024, the company saw a decrease in turnover of 5.6%, taking it from an operating profit in 2023 of £464,709 to a loss of over £200,000 last year.
This trend was reportedly exacerbated in the first quarter of 2025, with “a combination of eternal and sector-specific factors” impacting trade volumes in the company’s key markets of healthcare and education, as well as delays in a number of projects.
However, the company’s directors have said, this trend “reversed sharply” from May. STS says it experienced a significant uplift in trading across May, June and July, contributing to overall growth of 8% across the period year-on-year. According to the company, the recovery can be primarily attributed to a resurgence in housing project activity, as well as increased demand in both the healthcare and education sector projects.
Unsurprisingly, the company’s directors view this reversal as “very encouraging,” stating that STS is now in a positive position to build on the trend throughout the rest of the year.
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