Profits climb 380% at cleaning products manufacturer
Astonish, a Bradford-based cleaning products manufacturer, has reported soaring pre-tax profits in its latest accounts.
The household and personal care brand has reported pre-tax profits of £14.4m a 380% year-on-year increase on 2023. Over the same period, turnover rose by 32% to £57.7m.
The company said these figures provide strong foundations for it to meet its growth targets for FY 2024/25. Astonish aims to reach £75m turnover and £15m in profit.
Howard Moss, CEO, said: “We are extremely proud of our latest results – it’s a real reflection of how successful our new site relocation has been, allowing for the tremendous growth and appetite for the Astonish and Moss & Adams brands.
“When we committed to such a large investment during uncertain economic times, the vision was to allow for best-in-class products to be manufactured at the lowest possible cost due to the state-of-the-art machinery we invested in.
“We’re committed to offering shoppers unrivalled quality at the best value for money, and continuing to innovate and launch outstanding new products from within our own state-of-the-art laboratory.
“We had planned to reach specific targets within five years of the move, so to achieve this within two years is extremely satisfying.
“We’re currently five months into our new financial year and are on course to grow a further 25%, thanks, in part, to having broken into new distribution channels, including the UK’s largest retailer, Tesco.
“Looking forward, investment has been agreed into two fully automated production lines, allowing for expansion into new formats and further growth for the brand.”
