Holland & Barrett Beats £100m Profit Milestone

Posted on 24 June, 2016 by Chris Grigorovsky

The UK high street has received a positive shot of adrenaline as health food retailer, Holland & Barrett, has managed to surpass its £100m profits, showing the brand’s continued growth.

Holland & Barrett

Across the 694 UK stores and 99 international franchises, sales increased by 155 to £424.7m in the year to September 2015. While pre-tax profits saw an even greater growth, rising to £129.5m.

Online sales for the retailer, which are part of an intermediate holding company, increased to £30.5m. Overseas interests helped contribute an extra £120m in revenue.

Peter Aldis, Chief Executive, commented: “Both the activity in the year and the year-end financial position of the company are extremely strong.”

Holland & Barrett is building a 45,000 sq ft extension of its Nuneaton based headquarters, providing a big enough extension to double its 300 staff.

The financial year for the retail arm of the group ended with £17.1m in cash and net assets of £326.6m.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions