James Halstead AIM:JHD
- Founded
- 1915 · Radcliffe, England
- Incorporated
- United Kingdom
- Chief executive
- Gordon Oliver
- Employees
- 834
- Reports in
- GBP
- Companies House
- 00140269
Manufacturer of commercial resilient flooring, best known for the Polyflor vinyl brand specified in hospitals, schools and public buildings in the UK and exported to over 100 countries. A model AIM stalwart: consistently profitable, cash-rich and one of the market's longest dividend growth records.
Read straight from the annual reports
125p at close on 2 Oct 2026 · 11 reported years, 2015–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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UK third-party wholesaler/distributor sales of Polyflor-manufactured flooring
UK sales £111.7m (2024: £110.7m), up 1.0%
page 6Export/overseas subsidiary sales (Europe, Australasia/Asia, Rest of World)
Europe and Scandinavia revenue £91.8m (2024: £100.9m); Australasia and Asia £29.8m (2024: £35.1m); Rest of World £28.7m (2024: £28.3m)
page 53Product mix shift to specialist SD/EC electrostatic dissipative flooring
Polyflor gross margin improved to 43.4% (2024: 42.5%)
page 6Manufacturing efficiencies and product mix
Group gross margin improved from 44.1% to 44.5%, principally driven by manufacturing efficiencies and product mix
page 4Higher legal fees to protect IP/trademark rights in China against a distributor using group trade names
page 8Chairman: no doubt the group has faced challenges but there is ongoing positive sentiment in North America and continued good growth prospects in the UK; the malaise in Central Europe continues to affect shop-fitting and retail premises; approach the short term with caution, tight cost control and a conservative approach to customer credit.
page 5Interim dividend of 2.75p paid June 2025 (2024: 2.50p); Board proposing final dividend of 6.05p (2024: 6.00p), payable 12 December 2025 to shareholders on the register at 14 November 2025; total dividend for the year 8.80p (2024: 8.50p), up 3.5%, a record level and the 49th consecutive year of increase. Dividend cover reduced to 1.10x (2024: 1.18x) but the board does not believe liquidity will be impacted given cash reserves and free cash flow generation. Preference shares carry a fixed 5.5% cumulative dividend paid June and December.
page 5Unqualified ('true and fair') audit opinion issued by BDO LLP (senior statutory auditor Lucy Mistry), Manchester, dated 30 September 2025. Key audit matters: inventory provisioning, and valuation of pension liability assumptions/judgements (both also KAMs in 2024). Group materiality £2.76m (2024: £2.81m), 5% of profit before tax; performance materiality £1.79m. Directors reviewed forecasts covering the next two financial years (to June 2027) and a range of trading scenarios; no material uncertainties identified regarding going concern for at least twelve months from approval. Group audit covered 21 separate entities across 12 locations; auditor visited 3 of 12 locations.
page 33- Cost of production: increased wage costs, energy costs, raw material prices or other production costs could lower margins and profits if not offset by productivity/price gains (risk rating: no change)p.12
- IT systems: dependence on IT systems/processes for order processing and UK manufacturing; operational disruption risk (risk rating: no change)p.12
- Data security: ransomware and cyberattack risk (e.g. cited Marks & Spencer attack), potential operational disruption and increased costs (risk rating: no change)p.12
- Loss of major customer account or key partner: loss of a key distributor/customer could reduce revenue and profitability (risk rating: increase)p.13
Read from C000698-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 7 Oct 2026