Pricecheck Announces Record-Breaking Financial Year
22nd May 2018
International FMCG wholesaler Pricecheck has announced a record-breaking financial year in 2017-18, with total annual turnover breaking the £70 million mark for the first time.
In total, Pricecheck reported annual turnover of £73m representing an increase of £18.1m on last year. April 2018 was also the busiest month on record, with turnover exceeding £8.1m. The company has continued to invest by expanding its premises, and product offerings. This expansion has enabled significant growth in export markets. Exports accounted for £32.4m of turnover, up 45% on the previous year. Pricecheck currently export to over 75 countries, and have a network of 500 suppliers world-wide. This rapid growth has been recognised with a listing in the London Stock Exchange Group's 1000 Companies to Inspire Britain report. To be selected Pricecheck had to not only demonstrate positive growth in revenue over the past three years, but also out perform their sector peers. Mark Lythe, Joint MD said: -Over the last two years we have recorded revenue growth of 26% and 33%. This is a tremendous achievement for our team, and we are now aiming for £200m turnover by 2025. The team have shared in their continued success by providing over £40,000 worth of stock and monetary donations to local and national charities in 2017-18. This year the Pricecheck team are sponsoring St Luke's Night Strider walking challenge in October. As well as donating supplies and funds toward the event, employees will take part in the 10k or half marathon and volunteer on the night. St Luke's Hospice provide free palliative care, and drive continual improvements for everyone effected by terminal illness. Since 2015, Pricecheck has doubled its workforce and set up a successful student recruitment programme, this year offering 7 placements and 8 graduate positions. Human Resources Manager Lucy Goddard commented, -We work closely with regional universities and this year has seen an unprecedented number of students showing an interest in Pricecheck. We are looking forward to welcoming our new placement and graduate students this summer.