Revenue lights up at Litebulb

Litebulb, which last year acquired Brighouse-based Concept Merchandise in deal worth £5m, said revenue was up 98 per cent from £4m to £7.9m.

The firm ,which is backed by betting tycoon Andrew Black, said that adjusted loss before tax was £2.1m, down slightly from the same period last year. Sales profit was up 75 per cent to £2.7m.

In a statement Litebulb said it had seen significant sales growth with Tesco and Underground Toys during the period.

Howard Partington, interim chief executive of LiteBulb, said: “As set out in our announcement in July the Company has established a solid platform and excellent relationships with a number of retailers.

“The group’s focus is now on organic growth and economies of scale and I look forward to reporting a satisfactory outcome to the year.”