UK wholesaler Pricecheck has been name in this year’s Sunday Times HSBC International Track 200 for a third year running.
This is the time overall the business has been included in the 11 year old list, which ranks the fastest-growing international sales of Britain’s mid-market private companies.
Debbie Harrison, joint managing director (Trading) says: “We are incredibly proud to once again rank amongst Britain’s fastest growing companies when it comes to international trade.
“In the last 12 months, we’ve worked hard to develop partnerships with leading brands and retailers across the UK and international FMCG markets. We have bold growth plans which will see expansion across our current 82 countries as well as unlocking new territories and will continue to invest in the very best people, training and technology to help drive Pricecheck forward.”
Export sales at Pricecheck have continued to be a key driver in the company’s fast growth, increasing 160% in the past three financial years and accounting for almost half of the company’s total turnover.
Mark Lythe, joint managing director (Operations and Finance) adds: ““This is the seventh time in 10 years that Pricecheck’s growth has been recognised in the Sunday Times International Track 200 and since our first listing, export sales have increased 602% to £37.2m last financial year.”
After working in various departments, the brother-and-sister joint managing director team of Harrison and Lythe took full control of the business in 2007.
The wholesaler started to focus on exporting in 2008 after deciding that it would enable maximum growth for the business. “We identified target countries, we visited the territories, we attended exhibitions, we hired multilingual staff and we trained our international logistics team. Exporting is not an easy option, but it can be a game-changer if you get it right,” explains Lythe.
“Exporting isn’t for everyone, but if you have access to the right products and you’re willing to devote time and resources to the project, it can protect your business from the vagaries of the UK market and fuel rapid growth.”