Expanding wholesaler hits £100m turnover
Sheffield-based wholesaler and distributor Pricecheck has achieved its target of a £100m turnover by 2020.
Having set this objective back in 2015, the business has achieved consecutive years of growth increasing its turnover increasing from £40m to £100m within five years.
The company says that since 2015 it has made significant investments in talent, technology and its facilities. Over the same period its workforce has grown from 80 to 220 and it has moved to larger premises.
Mark Lythe, joint managing director (operations and finance) said: “Our team have been going above and beyond to achieve a target which was set in 2015 when our turnover was £40m.
“Over the past five years, they have truly been our greatest asset and we look forward to working towards our £200m turnover target by 2025.
“In more recent times, the team have shown true tenacity and adaptability in helping us navigate the challenges Covid-19 has presented. We remain very confident in the future of Pricecheck and will continue to invest in our growth plans.”
Most recently, Pricecheck has announced a five-year lease of the former Maplin headquarters in Rotherham, to increase its warehouse capacity as well as investing in a state-of-the-art warehouse management system in order to operate more efficiently across two sites.
It has also developed a new B2B eCommerce site. Since launching in May, this has generated record-breaking sales results, with online sales for May and June growing 580% compared to the same period last year.
Debbie Harrison, joint managing director (trading) added: “We’ve worked hard to diversify our product offering. Since 2015, we have added grocery, alcohol, petcare, and vaping to our traditional health and beauty range.
“Launching our new look website to improve customer convenience was the first of many exciting projects as we look to push forward again and deliver on our next five-year plan.”