Turnover for the 14 months to 31 March 2024 stood at £44.4m in contrast with £29.5m within the yr to 31 January 2023. Gross revenue grew from £17.7m to £23.3m within the interval.
The Manchester-based group, based in 2007 by CEO Katie Randev, stated it has a “key strategic focus” on rising its worldwide presence within the coming yr, particularly within the US and Center East markets.
The enterprise invested in a brand new distribution centre and headquarters throughout the prior monetary yr, with the primary full yr of prices within the present monetary yr. The group additionally continued to spend money on folks with headcount rising from 64 in 2023 to 94 within the reporting interval.
In January, the enterprise promoted digital and buying and selling director Dan Lorensen to the position of chief advertising officer. Final July, it promoted group finance director Richard Wing to the position of chief monetary officer to steer the enterprise via international growth.
Katie Randev, Founder & CEO of Membership L London stated: “We’ve delivered one other sturdy yr of worthwhile development whereas investing closely in our infrastructure, together with our bespoke warehouse and flagship Manchester HQ [above]. Whereas inflationary issues and the continuing cost-of-living disaster proceed to impression shoppers and companies alike, now we have continued to develop regardless of the difficult local weather. We stay laser-focused on the alternatives forward within the US, Center East, and Europe and have plans to additional speed up development in these key markets this yr.”
Learn Katie Randev’s predictions for 2025 right here.
