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…