Manchester-based The Beauty Tech Group eyes £350m float
A beauty technology group based in Manchester is pondering a stock market float this year.
The brands owned by the fast growing The Beauty Tech Group include CurrentBody, which is used by celebrities such as Kim Kardashian and Serena Williams.
Sky News has reported co-founder and chief executive Laurence Newman has appointed investment bankers at Berenberg to look at an initial public offering (IPO).
University of Manchester graduate and former medical clinic owner Newman founded the business with its chief technology officer Andrew Showman and finance director Sam Glynn.
Its shareholders include notable North West entrepreneurs Simon Cooper, founder of On the Beach, and Mike McGrath, former corporate lawyer who was a director at Speedy Hire.
Its products include home-use beauty technology, such as LED, radio frequency, microcurrent and laser treatments.
According to accounts filed in January 2025 for the financial year to the end of December 2023, The Beauty Tech Group posted pre-tax profits of £6m on turnover of £59.5m.
However, the business has grown since and in a statement issued to Sky News, Newman said: “2024 was another significant year financially and strategically for the Group.
“We delivered revenue of over £100m and successfully acquired Tria Laser while also completing the integration of ZIIP Beauty.
“These acquisitions have diversified and increased the Group’s product offering across the rapidly growing beauty tech market and, in line with our strategic ambitions, the Group is now focused exclusively on own-brand products.
“I am pleased that the Group’s strong performance through 2024 has continued into January and I am confident that 2025 will be another record year.
“As increasing international demand and the Group’s operational infrastructure provide foundations for the next stage of its global growth, the Group is considering its strategic options, which includes a London IPO later this year.”
