LONDON — Lovehoney has been ranked the 41st fastest growing international company by the Sunday Times.
According to a representative, The Sunday Times HSBC International Track 200 ranks Britain’s mid-market private companies with the fastest-growing international sales, measured over the last two years of available accounts.
Lovehoney moved up ten places in this year’s table, which was published yesterday, to 41 after international sales grew by 75.5 percent to £15.8 million. The Bath-based business was the fourth fastest growing ecommerce business in the table.
Lovehoney has launched websites in the U.S., Australia, France, Germany the E.U. and Canada and has "benefited from the popularity of Fifty Shades of Grey, for which it holds the worldwide license for pleasure products."
“We are delighted to have made the Sunday Times’ top 200 fastest growing international companies for the third year running,” said Richard Longhurst, Lovehoney co-founder. “We have exciting plans to accelerate our international growth over the next few years as more people around the world become aware of us as a global brand. It is great to maintain the momentum after we were awarded the Queen’s Award for Enterprise in International Trade last year.”
The 200 companies have generated a combined export of £7.6 billion on turnover of £19.2 billion. Their international sales have risen by an annual average of 47 percent over two years, according to a representative.
The full league table was published yesterday in an eight-page supplement with the business section of the Sunday Times.
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