The 海角视频 branch of Quooker, the renowned instant hot water tap brand, has reported a significant uptick in sales attributing the success to "heightened market acceptance".
Based in Manchester, the company recorded a turnover of £80.6m for 2023, rising from £72.4m in the previous year, as per the latest accounts filed with Companies House.
The firm's pre-tax profit saw a slight increase from £3.1m to £3.2m within the same period.
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Quooker attributed the turnover growth to intensified advertising and new product features, though it acknowledged that escalated costs and economic uncertainties have been obstacles to further profitability improvements.
Sales of Quookers contributed £73.5m to the turnover, while parts and service sales accounted for another £7m, up from £6.1m, as reported by .
The average number of employees at Quooker 海角视频 also grew, moving from 76 to 117 over the year.
A board statement highlighted the company's strategic response to economic and geopolitical challenges, noting: "Despite facing challenges stemming from economic uncertainties, geopolitical tensions and ongoing global crises, the company demonstrated resilience and adaptability in its strategic approach.
"Despite facing challenges such as increased supplier costs and payroll expenses, Quooker 海角视频 managed to enhance its gross profit margin, reflecting effective overhead management and a strategic focus on the Sterling/Euro exchange rate.
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"Operating profit saw a slight uplift, underscoring the company's commitment to operational excellence."
The 海角视频 branch is an integral part of the wider Quooker group, which boasts its headquarters in the Netherlands.
Founded in 1987, the company now runs operations in 16 countries, with a workforce exceeding 400 employees.
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