Tile Mountain Group in UK Plans Major Showroom Expansion Following Profit Growth in 2023
UK: Stoke-based tile and bathroom retailer Tile Mountain Group has announced plans to expand its showroom network substantially in the coming years after surpassing an annual turnover of $129 million for the first time. The group, which operates 12 showrooms nationwide, reported a turnover of $132 million in its 2023 year-end accounts, reflecting a growth of over 17% compared to the previous year.
Additionally, Tile Mountain Group reported a pre-tax profit of $9.6 million—a remarkable increase of approximately 94% over its 2022 profits. The company noted that strong sales momentum has continued into 2024, with current sales tracking around 30% higher year-on-year.
Building on this positive growth, Tile Mountain Group plans to increase its showroom count from 12 to 30 over the next few years. The retailer is also set to open a new automated warehouse in Q4 of this year, which it anticipates will improve logistical efficiency and enhance customer service capabilities.
Source: Tile Mountain Group