Pricecheck reports strongest financial year

Pricecheck has reported a record-breaking year, quarter and month for company revenue.

Pricecheck directors

The hat-trick of success includes generating £151 million in turnover for the 2023/24 financial period, a 15% increase on the previous year. Sales for the final quarter reached £44 million, which was 22% higher than the same period last year.

Pricecheck also recorded its biggest month ever in April 2024 with revenue of £17.2 million – a figure that represented the company’s annual turnover 16 years ago, when brother and sister duo, Mark Lythe and Debbie Harrison, took the reins of the business from their parents.

It is the tenth consecutive year of growth for Pricecheck, which it is attributing to expanding services. The business’s core offering of delivered wholesale remains the biggest contributor to turnover but the launch of new supplier partnerships, an increase in digital sales, and developments within its brand distribution division continue to push Pricecheck forward.

Joint managing director Debbie Harrison commented: “It’s been a very busy year and we’re delighted to have ended 2023/24 stronger than ever. Our team have embraced all new opportunities whilst not forgetting our core business and this is reflected in the results.

“To hit growth targets consistently for a decade is no easy task. But the Pricecheck team love a challenge! In the past 10 years, we’ve diversified from a delivered wholesaler across toiletries and household into a multi-category, multi-channel brand distributor.

“With a focus on improving efficiencies, innovation and people development, I’m excited to see what we can achieve in the year ahead!”

Pricecheck is an international distributor of fast-moving consumer goods and offers more than 8,000 branded products to customers in the UK and to more than 100 countries globally.

Published Date: May 14, 2024
Category: Wholesale Industry News