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 – published yesterday (Sunday, June 11) – to 41 after international sales grew by 75.5% to £15.8 million. The Bath-based business was the fourth fastest growing ecommerce business in the table.
Lovehoney has launched websites in the US, Australia, France, Germany the EU and Canada and has benefited from the popularity of Fifty Shades of Grey, for which it holds the worldwide licence for pleasure products. Richard Longhurst, Lovehoney Co-founder, said: “We are delighted to have made the Sunday Times’ top 200 fastest growing international companies for the third year running. 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.”
All 200 companies have notched up impressive statistics, generating combined exports of £7.6 billion on turnover of £19.2 billion. Their international sales have risen by an annual average of 47% over two years.
The full league table was published Sunday, June 11, in an eight-page supplement with the business section of the Sunday Times.