All posts tagged: turnover

Turnover up 15 per cent as Oxfordshire’s Lucy Group posts record results

Turnover up 15 per cent as Oxfordshire’s Lucy Group posts record results

Published by skeptic

Lucy Group, an Oxfordshire business specialising in power distribution, smart lighting and real estate, has posted record results for the year ended 31 December 2023. Turnover at the firm grew by 15 per cent to £359 million, while profit before tax increased by 69 per cent to £59 million. The group’s electrical businesses saw growth thanks to an improved product mix and increased proportion of smart solutions within the portfolio – as well as the calming of raw material and logistics costs post-Covid. As for real estate, Lucy Properties benefited from a favourable market for rental units, though Lucy Developments was impacted by factors affecting both the affordability and delivery of new builds. Richard Dick, executive chairman of Lucy Group, said: “With a backdrop of challenging global markets and increased competition in key sectors, we’ve achieved a landmark performance. “Our record results are a testament to our people and strategy. “This year saw the start of significant investment in manufacturing facilities in India, Saudi Arabia and the UAE to increase capacity and capability, as well …

Amazing Lofts expands to Kent after hitting £4m turnover in two years

Amazing Lofts expands to Kent after hitting £4m turnover in two years

Published by skeptic

Three friends who started a loft boarding and insulation business with a rented van, storage unit and £5,000 of their own money have expanded their operation into Kent this month. Kevin Baker, Richard Blane and Neal Thorne founded Amazing Lofts in Banbury, Oxfordshire after quitting their jobs at the height of the cost-of-living crisis. They’ve now turned over £4 million in their first two years of trading. The business currently employs more than 35 full-time staff and is set to create another six local jobs after cutting the ribbon on a new depot near Orpington. The depot will serve as the firm’s south-east headquarters with capability to cover all of Kent and stretch as far west as Portsmouth. Amazing Lofts’ growth into Kent follows a poll of 2,000 homeowners by EDF Energy which revealed 30 per cent had never entered their loft. Fears of falling, dirt, poor lighting and spiders are among the most common reasons cited. Kevin Baker, CEO of Amazing Lofts, describes lofts as the forgotten room of UK homes and believes many …

Bristol’s top 200 private businesses hit £33 bn turnover last year

Bristol’s top 200 private businesses hit £33 bn turnover last year

Published by skeptic

Bristol’s top 200 privately-owned businesses achieved a landmark amount of revenue last year, increasing overall turnover by 33 per cent to reach £15.5 billion, according to new data from Grant Thornton UK LLP.  The business and financial adviser’s inaugural Bristol Limited report analysed private companies in the region and highlighted the city’s top 200 companies as measured by both annual turnover and EBITDA (earnings before interest, tax, depreciation and amortisation).    Despite the recent economic conditions, its analysis found that alongside the notable revenue growth, overall profits had also increased. The combined EBITDA of the city’s 200 most profitable privately-owned businesses rose by 7.4 per cent compared to 2022, totalling £712 million.  The energy company Ovo Group Ltd ranked number one in the report out of all 200 businesses by turnover. By profit, the leading business was identified as legal advisors TLT LLP.   Bristol’s business support services sector contributed the highest proportion of overall revenue compared to any other single sector. It achieved a total turnover of £4,081 million, representing a 28 per cent increase on …

Kent elder care directory Autumna to expand after tripling turnover in two years

Kent elder care directory Autumna to expand after tripling turnover in two years

Published by skeptic

Autumna, an elder care directory based in Tunbridge Wells, is set for expansion off the back of rapid growth over the past few years. Founded by entrepreneur Debbie Harris, the business has seen demand grow rapidly within the elderly and social care sector as families seek quick solutions for their loved ones. Autumna allows self-funded care seekers to locate registered providers within minutes, providing a transparent marketplace where users can find and compare care homes, home care, live-in care and retirement living developments. It also provides online assessment tool to guide families through a series of questions and generate a shortlist of the right care, which is also communicated to the shortlisted care providers. Debbie launched the platform in 2019 after experiencing first-hand the stress of finding the right care for her aunt. Debbie said: “Our continued expansion is largely due to our growing reputation as the UK’s most detailed independent directory, with more than 26,000 care and retirement living providers. “This is free to use, and unlike some other directories, we don’t take referral …

Big MATs have highest teacher turnover, EPI finds

Big MATs have highest teacher turnover, EPI finds

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More from this theme Recent articles Schools in the largest multi-academy trusts have higher levels of teacher turnover than other schools, new research has found.   The Education Policy Institute’s latest research into effective school groups, published this morning, follows the release of a study last month on pupil inclusion and attainment.  Today’s report found that large trusts have the highest turnover rates, particularly so in secondary academies.  Analysis also suggested that academy trust tend to be in a better financial position that others, as they post healthier in-year balances. However the data is from 2019. Louis Hodge, EPI’s associate director for school system and performance, said “our understanding of the relative strengths and weaknesses of different [school] groups has, to date, been patchy and inconclusive”.  “We hope [our research] will enable informed conversations across the education sector about the features of effective school groups and how school groups can be supported to improve their performance.”   Turnover highest in MATs … Drawing on school workforce census figures from between 2016-17 and 2019-20, the EPI found MATs “have …

Beyond Retail eyes £100m turnover with new unit at Bournemouth business park

Beyond Retail eyes £100m turnover with new unit at Bournemouth business park

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Bathroom, kitchen and heating business Beyond Retail is targeting £100 million turnover by 2026 after acquiring a new warehouse at Bournemouth Airport’s Aviation Business Park. The company began life in 2011 selling taps online before first moving into the park around eight years ago. It’s since been propelled by the boom in DIY during the pandemic, as well as its investment in augmented and virtual reality technology to offer virtual showroom experiences to customers. Up until recently, Beyond Retail had grown to occupy six office and warehouse units at the Rigby Real Estate-owned Aviation Business Park, with a total footprint of almost 100,000 sq ft. Hear the latest insights from property experts on The Business Magazine’s new podcast Now, though, the company has opted to consolidate its operation into two larger, modern units following purchases last summer and at the end of last year. It now boasts 34,000 sq ft of warehousing space and two storeys of offices. Elliot Lees-Bell, founder and MD of Beyond Retail, said: “We went from zero to £50 million turnover …