Carpet & Flooring
Endless LLP was delighted to support the carve-out of SIG plc’s Carpet and Flooring business (“C&F”) in March 2017. C&F is one of the UK’s leading flooring distributors, serving customers from 11 sites across England, Scotland and Wales. The newly formed company now trades as Carpet and Flooring (Trading) Limited following its separation from SIG.
C&F was established in 1992 and has grown into one of the largest distributors of floor covering products – stocking and distributing products from Europe’s leading flooring manufacturers. With turnover of £100 million, the business employs more than 350 people across its national branch network including its distribution centre in Redditch, in the Midlands.
Actions taken since acquisition have taken C&F from a heavy EBITDA loss in FY16 under previous ownership, back to a profitable stand-alone business. This has been achieved through significant investment into people and infrastructure alongside a streamlining of business processes including a fleet utilisation review and a branch cost efficiency review which together, has left the Business well positioned for further growth.
James Woolley, Partner at Endless, commented, “We are delighted to be supporting Lisa Tomlin and the management team with their growth plans for Carpet & Flooring and we’re really pleased with the progress made since our initial investment in 2017. This is a business with great potential and we have earmarked significant further investment to support the company’s operational and commercial initiatives and growth plans. As a ‘hands-on’ transformational investor, this is exactly the sort of business we know we can help and we are excited to be taking Carpet & Flooring forward into its next growth phase.”