Housewares Business-to-business magazine for housewares retailers and their suppliers
South Wales-based Leekes Retail and Leisure Group has reported a year of strong results.
The family-run business achieved turnover of more than £85 million in the year to 31 March 2018, which resulted in an EBITDA of £4.3 million and strong pre-tax profits. In the first half of the 2018-9 financial year, it has seen a further improvement in group turnover and profits with the directors delighted to announce that the Group has already achieved last year’s EBITDA after just eight months of trading.
The Group operates four home department stores at Bilston in the West Midlands, Llantrisant near Cardiff, Cross Hands in Carmarthenshire and Melksham in Wiltshire, along with three concessions within Wyevale garden centres (selling conservatories, orangeries, windows and doors) in Thornbury, Swindon and Hereford. The retail business built upon its expansion into England with the acquisition of the Park Furnishers store in Bristol in 2016.
Emma Leeke, managing director of Leekes Retail, said: “We’re very pleased to post a great set of results in what has been a particularly challenging retail environment. Our trading in the first half has also been exceptional, with retail profits up substantially as a result of the excellent performance of our conservatory, window and door division as well as our fitted kitchen and bathroom departments.”
