Investors in vinyl flooring firm to benefit from rising sales

Investors are set to cash in on rising demand for non-slip vinyl flooring, it has been revealed.

A statement released by the flooring manufacturer James Halstead announced that the company has committed itself to bringing forward the date it will pay out its interim dividend to its investors.

Not only will investors thereby benefit from missing having to pay the higher rate of tax, which is due to come into effect at the start of the new financial year in April, but they will also enjoy a nice cash windfall, thanks to the strong demand seen for vinyl-flooring over the past six months.

Chairman Geoffrey Halstead also used the opportunity to report that sales of non-slip flooring have risen strongly over the past few months, with this helping to boost its positive cash balances.

At the same time, the Manchester vinyl flooring company is investing £4 million in upgrading its main factory, where the majority of its 600-strong workforce are based.

Meanwhile, over in the United States, the Vergas municipal liquor store in the state of Minnesota is set to be given a new vinyl floor.