James Halstead is the UKs leading manufacturer of vinyl flooring, with the majority of it's >£200m sales going to the commercial and public sector segments. Growth has been remarkable, with sales +7.9% CAGR FY04-FY14. Over the same period, the company has generated £189m of free cash (despite investing in completely new production and warehousing). This has enabled management to return £182m to shareholders (FY04-FY14, via ordinary dividends, specials and buy-backs). Give
