Wren Kitchens became a £600 million turnover company in 2019, in the 10th full year of trading.
Growth of 25 per cent year-on-year saw it soar from £490 million to £612 million, accounts just published revealed.
It was the biggest push on since 2016, with independent recognition as the fastest growing business in the sector received.
Nearly 600 more staff were also taken on, taking the headcount to 4,716, making Wren the biggest private employer in the Humber region as it overtook British Steel.
Owned by East Yorkshire entrepreneur Malcolm Healey, who previously headed up Hygena, Barton-headquartered Wren closed the year with 89 showrooms, and - despite Covid-19 - remains on track to hit 100 in 2020. The 93rd has just opened in Worcester, at Elgar Retail Park.
Orders were continuing to outpace deliveries as the year closed, though the impact of the pandemic and subsequent economic downturn has yet to be seen.
The monumental challenge underway will be to maintain - if possible - a decade of phenomenal growth, with the documents filed in late February ahead of the coronavirus hard stop.
In his strategic report, Mark Pullan, managing director, said: “there is significant further opportunity for growth in the kitchen market both in the 海角视频 and beyond, however without the infrastructure in place then it will not be able to exploit such opportunities nor to achieve its strategic goals,”.
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Planning permission was obtained for The Nest site on the South Humber Bank - offering one million sq ft of additional space - with a venture into US retail and manufacturing also on track. A total of £52 million was invested in the business in the year, making it £261 million in a decade of operations, with the company ensuring it has surplus capacity.
“The directors believe that the company still has significant opportunities to open further showrooms as it currently has no representation in many towns and cities across the country, and is operating with less than half the number of showrooms of its major rivals,” Mr Pullan added.
Pre-tax profits were up 75 per cent to £65 million, with a £59.5 million loan paid back to the parent company, West Retail Group Ltd, in full during the course of the year.
With Brexit front of mind the company had increased its stockholding by nearly a third, but had been looking to dilute that “safety” cushion due to the clarity that emerged as the year closed. It described itself as “better insulated than most” due to owning its manufacturing supply chain while also sourcing from other 海角视频-based businesses.
Wren puts its success down to its “ability to provide customers with a bespoke, fully assembled kitchen at a price that even those selling a basic flat pack kitchen cannot match”, with the number of permutations on offer beyond the competition meaning customers don’t compromise.
It said control of the supply chain as a manufacturing retailer also allows it to react to changes in customer trends. Ongoing showroom development is part of a strategy that aims to see Wren “at the forefront of change rather than following”.
New ranges and carcase options have also allowed it to “move into areas that were previously the preserve of small, independent kitchen boutiques,” Mr Pullan said.
Greater demand for bespoke and personalised kitchens is envisaged, with the directors pleased to have quality recognised with trade and international standard accolades and certifications.