Club L London has seen profits surge and has delivered a big dividend to its shareholders, it has been revealed.
Katie Randev, who heads the Manchester-based company as chief executive, stands to receive a share of a £3.7m dividend for its most recent financial year, according to new filings lodged with Companies House.
This represents a dramatic rise from the £65,000 dividend distributed in the previous year, as reported by .
Whilst Katie Randev operates the business, Anita Randev appears on Companies House records as the ultimate proprietor.
The distribution follows Club L London's pre-tax profit climbing from £3m to £14m in the 12 months to 30 March, 2025. Revenue also leapt from £44.4m to £65.9m during the same timeframe.
The accounts have been released following Club L London's acquisition of fellow Manchester label Lavish Alice in February.
A statement endorsed by the board described its latest financial year as a "period of growth for the brand".
Club L London added: "This is despite a backdrop in poor consumer confidence caused by high and persistent inflation and a cost-of-living crisis."
The firm referenced the same challenges during its previous financial year.
The company stated that its gross profit margin rose from 53 per cent to 57 per cent during the year owing to expanding international sales and enhanced operational efficiencies. The company also revealed that its pre-tax profit margin had expanded from 6.9 per cent to 21.2 per cent as "the investment into the business in the past couple of years is now paying off as the business growth is outweighing overhead costs and the business becomes more efficient".
Club L London further noted: "The group has been able to sustain the growth with the same headcount as previous years due to internal efficiencies [and] continuous improvement of data and analytics."
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