United Carpets has posted a set of credit crunch-defying profit and sales figures.

In an interim trading update, the carpet and floor specialist said like-for-like sales jumped 5 per cent for the period between September 30 and December 13.

United Carpets chairman Peter Cowgill said: “While the widely reported credit crunch has affected the broader retail sector, the group's position at the value end of the market means the majority of our sales are not linked to the success of the housing market, but by customers wishing to replace or maintain existing floor coverings.”

He added: “The board remains confident that United Carpets is well-positioned to trade successfully during a tougher economic climate and continue to expand its market share through enhanced sales from existing outlets and the addition of new stores.”

In the six months to September 30, United Carpets revenue increased 14.8 per cent to£10.31 million, on like-for-likes up 14.2 per cent.

Pre-tax profits rocketed 73.9 per cent to£706,000 compared with£406,000 last year.

United Carpets operates 61 stores, of which 12 are corporate stores and 49 are franchises.