The UK-based parent company of Alstons, has reported a 41.5% decline in sales to £62.1 million for the year ending 31 December 2024, with pre-tax losses widening sharply to £26.3 million from £757,000 in 2023.
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TCM Living Group's downturn follows the liquidation or administration of three of its four major brands in 2025: AMX Designs entered liquidation in May, while Ashley Manor and Alexander & James went into administration in September. The continuing business now consists of Alstons (Upholstery) and Alstons (Cabinets), which together generated £31.2 million in sales, down from £40.8 million the previous year.
TCM Living has reached a debt-rescheduling agreement with its bankers, contingent on a £4 million capital injection from its parent company in February 2026. The group forecasts continued losses in 2025 and 2026 but aims to return to profitability in 2027, assuming a rise in turnover and improved margins.
The decline reflects challenging trading conditions in the UK upholstery market, with reduced discretionary spending, inflationary pressures on raw materials and logistics, and weaker demand from major retail clients such as ScS and Furniture Village.
Source: www.bigfurnituregroup.com
