Pricecheck reveals aim to double workforce by 2020
It aims to employ 200 staff with revenues of £100m by 2020 after the business secured an additional 40,000 sq ft of warehouse space on Stevenson Road, Attercliffe, seven miles away from its HQ.
Lee Walker, finance director at Pricecheck, said: “Shoppers in the UK and abroad feel less stigma about buying from discount stores these days, a trend that’s supported our fast growth and one we expect to continue.
“Growing exports has been core to our strategy in the last few years too. Now, almost half of our revenue comes from overseas. We sell to over 75 countries globally, supplying wholesalers and retailers in Europe, Africa, Asia, North America and Oceania.
“With the new warehouse accommodation and finance from Lloyds Bank, we’re now in an excellent position to move forward with our growth plans, and to develop the firm to a scale that gives us a real competitive advantage in the market.”
Pricecheck, which was founded by the parents of joint managing directors, Mark Lythe and Debbie Harrison, sources health and beauty, pet supplies and food and drink from across the UK and abroad.
Its workforce, largely recruited from the region’s universities, include employees that are fluent in eight different languages, supporting Pricecheck’s multinational activities.
A £7.5m finance package from Lloyds Bank will support the company’s investment.