The business – which distributes floor-covering products – will use the funding to pursue strategic acquisitions and support new branch openings.

The distributor’s headquarters is in Redditch in the Midlands (pictured above)  and it has 11 branches nationwide, including Manchester, Birmingham and Bristol.

It was acquired in February 2017 from SIG PLC by private equity investor Endless, which specialises in acquiring non-core assets from larger corporates.

“We are delighted to have secured this additional funding from Secure Trust Bank, which will support us as we deliver organic growth and pursue targeted acquisitions,” said Lisa Tomlin, CEO at Carpet & Flooring.

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“The business is now in an excellent position and we’re pleased to be working with Secure Trust Bank on the next phase of our plan.”

James Hodkinson, chief operating officer at Secure Trust Bank Commercial Finance, added: “Lisa and her team have a very clear strategy for where they want to take Carpet & Flooring over the next few years and we’re really pleased to be playing our part in supporting both the company and Endless to achieve their ambitions for the future of the business.”

Rob Jones, northern head of debt advisory at EY provided Carpet & Flooring with transaction support, while Peter Considine and Catherine Raftery of Walker Morris, and Simon Prendergast and Lauren Priest-Stephens of Addleshaw Goddard provided legal advice to the company and Secure Trust Bank respectively.