Cardzone ranked in Sunday Times’ Profit Track 100 league

Greeting card multiple, Cardzone is in the top 100 of Britain’s private companies with the fastest growing profits.

The Nottinghamshire-based card retailer, founded by Paul Taylor in 2003 has appeared in The Sunday Times’ BDO Profit Track 100 league table, which ranks private companies with the fastest-growing profits based on the last three years performance.

Paul Taylor, md of Cardzone has big ambitions for the retail group.
Paul Taylor, md of Cardzone has big ambitions for the retail group.

Cardzone appeared in 63rd position In a separate publication which went out with the Sunday April 8 edition of the newspaper.

Substantiating the reason for inclusion in the ranking, the publication detailed how Paul joined forces with card shop owner, a friend and former colleague Jo Hancock to revamp her store and open others.

Cardzone highlighted as one of the UK’s private companies with the fastest growing profits.
Cardzone highlighted as one of the UK’s private companies with the fastest growing profits.

‘The group has made strategic acquisitions, including 14 Hallmark stores in 2016, and expanded to more than 100 sites throughout the UK, helping profits rise to £3 million, on sales of £25.2 million.’

The publication highlighted Cardzone as being part of the “Midlands Engine” as for the first time  with 19 entrants, the region had overtaken London as the UK area with the most private companies with the fastest-growing profits.

Card retailer Cardzone appeared as part of the Midlands Engine in the league table.
Card retailer Cardzone appeared as part of the Midlands Engine in the league table.

In contrast, the capital saw a drop from 25 to 14 companies — a record low. The ‘Northern Powerhouse’ has also slipped, with just 13 companies based in the north of England, down from 21 last year.

However, there were 28 companies from southeast England, a record for the region.

Bed retailer and manufacturer, Dreams came in at the top of the league, which has seen its profits rise 167% a year for the past three years, to £34.5m.

 

 

 

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