Park Group revenue soars by 25%

BIRKENHEAD-based multi-retailer Park Group has reported encouraging trading bolstered by a strong performance throughout the Christmas period, with revenue up 25% to £20m.

Sales grew by more than 8% in the festive season, compared to the previous year, thanks to enhanced levels of consumer confidence and a strengthening economy.

There was also a pleasing second half performance, building on progress achieved in the early part of the year.

Its online business, which supplies gift vouchers and prepaid gift cards direct to customers, continued to grow.

Park said its financial position remains strong with cash balances well ahead of last year.

“Early indications from our consumer and corporate businesses are encouraging and give us confidence that growth will be maintained in 2015,” a spokesman  said.