Hat trick of success for brand distribution business
A Sheffield-based brand distributor has reported a record-breaking year, quarter and month for company revenue, all in the same week.
This includes generating £151m in turnover for the 2023/24 financial period, achieving a double-digit growth of 15% on the previous year. Sales for the final quarter reached £44m, which was 22% higher than the same period last year.
Pricecheck also recorded its biggest month ever in April with revenue of £17.2m – a figure that once represented the company’s annual turnover 16 years ago, when brother and sister Mark Lythe and Debbie Harrison took over the business from their parents.
It is the 10th consecutive year of growth for Pricecheck. The business says its core offering of delivered wholesale remains the biggest contributor to turnover.
But it has also highlighted the launch of new supplier partnerships, an increase in digital sales and developments within its brand distribution division.
Debbie Harrison, joint managing director, said: “It’s been a very busy year and we’re pleased 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.”
