Topps Tiles seeks commercial gains

Commercial operations are likely to drive growth at tiles retailer Topps Tiles (LON: TPT) and management intends to build up a significant commercial division over the next five years.

Earlier this year, Topps acquired 80% of Strata Tiles, which has a customer base of architects and designers. This adds further scale to the commercial division based on the previous acquisition of Parkside in August 2017.

The commercial sector accounts for 45% of UK tile sales and had not been targeted by Topps previously. That means that the potential market for the group has nearly doubled. This is a ...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.