BATH, England—Online sex toy retailer Lovehoney was recently listed 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.
Lovehoney is ranked at number 94 nationally and number 9 for the South West region after a 56 percent rise in profits to £3 million.
“This announcement is very exciting for us and we’re thrilled to have ranked in such a prestigious league table,” said Lovehoney co-founder Neal Slateford. “Seeing Lovehoney grow so quickly has been incredible and a very exciting journey for everyone involved. The last couple of years have been fundamental in solidifying Lovehoney as a household name both in the adult industry and the mainstream alike.”
The Bath-based business has launched U.S., Australian, French, German, Canadian and EU websites over 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.
Companies featured in last year’s league table include the likes of Skyscanner, Tangle Teezer and Krispy Kreme.
The league table and awards programme is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.
“Medium-sized businesses across the UK are thriving, creating one in four jobs and responsible for one third of the country’s total revenue,” said Andrea Bishop, partner and head of the southwest at BDO, the title sponsor of the league table. “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 10 April, both in print and in the digital edition, and on FastTrack.co.uk.
