Pricecheck hits £100m turnover target

International wholesale distributor Pricecheck has achieved its long-term target of reaching £100m turnover by 2020.

The target was set five years ago and envisioned the company achieving consecutive years of growth. This has become a reality with Pricechck turning £40m into £100m following record-breaking months in May and June this year.

Since 2015, the company has invested  in its staff, technology and facilities; having grown its team from 80 to 220, the development of a number of bespoke IT programmes and a move to larger premises.

Pricecheck launches new website amidst huge sales growth

Mark Lythe, joint managing director (Operations and Finance) said: “Our team have been going above and beyond to achieve a target which was set in 2015 when our turnover was £40m. Over the past five years, they have truly been our greatest asset and we look forward to working towards our £200m turnover target by 2025.

“In more recent times, the team have shown true tenacity and adaptability in helping us navigate the challenges Covid-19 has presented. We remain very confident in the future of Pricecheck and will continue to invest in our growth plans,” he added.

Most recently, Pricecheck has announced a five-year lease of the former Maplin headquarters in South Yorkshire to increase its warehouse capacity as well as investing in a state-of-the-art warehouse management system in order to operate more efficiently across two sites.

Pricecheck expands warehouse operations

Debbie Harrison, joint managing director (Trading) added: “As we strive to become the first-choice distribution partner for brand owners and customers, we’ve worked hard to diversify our product offering. Since 2015, we have added grocery, alcohol, petcare, and vaping to our traditional health and beauty range.”

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Paul Hill
Paul Hill is the Editor of Better Wholesaling. Paul can be found on Twitter on @BW_PaulHill, or can be contacted via paul.hill@newtrade.co.uk and 020 7689 3376.

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