Turnover of £12.8m
Lakes Bathrooms has published its results for the financial year ended May 2014 and has reported an 8% increase in turnover to £12.8m.
The results have helped to spark further expansion with the company doubling its storage space, expanding its warehouse to 100,000sq ft. Lakes Bathrooms has also leased two additional facilities to create a total of 133,000sq ft.
The company has also reported revenue growth of 49% for its Coastline Collection in its last financial year.
MD Robin Craddock said: “Having grown steadily throughout the recession, we are excited by the optimism now being felt in the economy. This upturn in the market coincides very well with our plans for extensive development and we are making progress in every area of our business. Just one area for expansion is our demand for warehouse space and new product lines and product launches mean that we’ve got a lot more stock to hold in order to safeguard our strong reputation for service and delivery.”
Craddock added: “We have a clear strategy for growth and continue to invest in all areas of the business. Strong financial results are just one indicator of the success we’ve achieved and its due entirely to the talented and dedicated team that we are lucky to have. The applause should be for them.”