Pricecheck has again been named as one of the country’s companies with the fastest growing profits by The Sunday Times.
The yearly Profit Track league ranks Britain’s private companies with the fastest growing profits over the past three years, with the wholesaler making the list for the thir time and ranking 61st in the list for 2020.
Pricecheck has a diverse network of UK customers and exports to more than 80 countries. Over the past three financial years, its turnover has almost doubling its turnover from £43m in 2016 to £81.6m in 2019, Pricecheck has seen a 50.79% increase in this period as it made the most of a strategy to explore the export market. A decision which means it now sells to more than 80 countriess.
Earlier this year, it was also named in the Sunday Times HSBC International Track 200 which honours companies with the fastest growing international sales.
Mark Lythe, joint managing director (operations & finance) said: “Pricecheck is achieving growth that’s both structured and consistent. We’re continually pushing boundaries and business opportunities. Our profit growth allows us to continually invest in the very best people, training, technology and facilities to push Pricecheck forward. To see Pricecheck continually recognised in these awards is a tremendous credit to our hard-working and ambitious team.”
Read more: Pricecheck picks up export honour
Joint managing director (trading) Debbie Harrison added: “No one knows how the rest of the year will pan out, we’re thankful that our approach to retaining profit and investment in growth has helped us navigate through these times. Like any business, we’re trying to handle the current market and demands as best we can, and we’re grateful for our team who remain flexible and positive during these times.
“Our history has been built on innovation and agility and we’re working hard with our suppliers and customers to ensure essential products reach the end consumer in a number of ways,” she added.