Headlam Group Buys Flooring Accessories

Headlam, a Europe wide floor coverings distributor, has bought up Welsh outfit Flooring Accessories.

Flooring Accessories, based in Cardiff, is a distributor of residential and commercial floor covering, principally in south Wales.

Revenue for the year ended July 31st was £2,180,000.

Headlam will pay £576,400 up front, with a further £50,000 payable following the production of accounts to verify minimum net assets of £540,000.

Flooring Accessories will continue to trade from its location in Cardiff and be supported by the group's distribution network.


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