UK tile and bathroom retailer Tile Mountain Group has achieved over £100million turnover for the first time, in its year-end accounts for 2023.

The Group has 12 showrooms and an e-commerce platform reporting a total turnover of £101,873,573, an increase of 17.5% year-on-year.

In addition to its record-breaking turnover, the Group posted profit before tax of £7.445million, a 94% increase compared to the previous year.

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Chairman Mo Iqbal commented on the group’s results: “Crossing the £100 million turnover mark is a major milestone for us and a testament to the hard work of our team, the loyalty of our customers, and the trust our business partners place in us.

“We’ve seen tremendous growth, and we’re well on track for even bigger achievements in 2024/25.”

Tile Mountain Group opened its biggest showroom in Milton Keynes, Buckinghamshire in 2024, which measures 20,000sqft.

Building on this momentum, Tile Mountain Group has continued to see sales growth in 2024, with year-on-year sales currently tracking around 30% higher.

To support increased demand, the company is set to open a state-of-the-art automated warehouse in Q4 2024, to enhance logistical efficiency and  boosting its ability to serve customers across the UK.

Mo Iqbal stated: “As we continue to grow, our focus remains on innovation and enhancing the customer experience.

“The opening of our new automated warehouse and the planned expansion of our showrooms are crucial steps in our journey to becoming the go-to destination for tiles and bathroom products in the UK”.

Looking ahead, the Group has plans to increase its showroom presence to 30 locations over the next few years.

According to the retailer, this growth strategy underscores the Group’s confidence in the future of the UK home improvement market.