14 March 2022 - acquisition/trading update

The group has expanded its operations with the acquisition of a 60% stake in Pro Tiler Limited, an online specialist supplier of tiling-related consumables and equipment to trade customers.  Topps also has an option to acquire the rest of the business from 2024.  Pro Tiler reported revenues of £9.3m in the year to 31 March 2021 with pre-tax profits of £1.1m.  The business has continued to grow in the current financial year and is expected to benefit from being part of a larger group due to the additional buying power . . .

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