Warwickshire floor covering distributor Headlam announced a rise in profits yesterday after a year of successful trading and canny acquisitions.
In the Coleshill company's final results for the year ending December 31, it announced pre-tax profits of £45.2 million, up four per cent. Turnover was up 6.8 per cent to £544.7 million.
Group chief executive Tony Brewer said Headlam weathered the tightening market by continuing to invest into the company, for growth of facilities, and in small bolton acquisitions.
And he added he expected another profitable year.
He said: "I think the like-for-like growth of four per cent is a very positive thing - in fact everything in the company seems to be performing well. The markets are as they are, but we still have 50 businesses in the UK and 364 external sales people working hard."
Headlam, which employs 450 people in its Midland distribution centres in Coleshill and Tamworth, invested heavily in facilities.
This saw it start a new 105,000 sq ft centre in Leeds, and another in Bridgend, due to be completed at the start of May.
And Mr Brewer said the group would be continuing to invest in infrastructure to let individuals respond more flexibly to the changing market.
But he added the business would be looking to continue to grow through its acquisitions, at home and abroad.
In July, Headlam bought the Plantation Rug carpet business for an initial £250,000. Earlier it bought rivals Florprotec and 3D Flooring Supplies for £2.58 million.
Mr Brewer said while the company would be looking to grow - including in France, Holland and Switzerland, it would not deviate from its commitment to the core flooring markets. It would also not be looking to move into any new international markets, he added.
The French division performed well in 2007, Mr Brewer said, while the Swiss and Dutch sections benefited from investment. The Dutch branch moved into a new site.
The company will be continuing a share buy-back programme started in 2007.