BATH, U.K. — Lovehoney has announced its naming among the top 100 British companies with the fastest growing profits.
Published this weekend, the 17th annual Sunday Times BDO Profit Track 100 league table ranks private businesses with the fastest-growing profits over three years — ranking Lovehoney at 94 nationally and number nine for the South West region after a 56 percent rise in profits to £3 million.
The Bath-based business has launched U.S., Australian, French, German, Canadian and EU websites during the past two years and has benefited from the popularity of “Fifty Shades of Grey,” of which it holds the worldwide license for pleasure products.
According to Lovehoney co-founder Neal Slateford, this announcement is very exciting for the company and it is thrilled to have ranked in such a prestigious league table.
“Seeing Lovehoney grow so quickly has been incredible and a very exciting journey for everyone involved,” Slateford said. “The last couple of years have been fundamental in solidifying Lovehoney as a household name in the adult industry and mainstream alike.”
Some of the companies featured in last year’s league table include Skyscanner, Tangle Teezer and Krispy Kreme.
The league table and awards program is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.
Andrea Bishop, partner and head of the southwest at BDO, the title sponsor of the league table, says that medium-sized businesses across the U.K. are thriving.
“[These businesses are] creating one in four jobs and responsible for one third of the country’s total revenue,” Bishop explains. “They are seizing the opportunities a recovering economy presents and the most profitable have remained focused on sustainable growth through investment in innovation, diversification and overseas expansion.”
The full league table will be published as a six-page broadsheet supplement with the business section of The Sunday Times on April 10, both in print and in the digital edition, and on www.fasttrack.co.uk.
