Cheshire fashion brand Sosandar has recoded its first full-year profit for the year to March 31, along with a 44 per cent revenue hike to £42.5 million.
The fiscal year brought revenue increases each quarter, with the first three quarters setting new all-time records. Even the traditionally quieter fourth quarter remained strong, with March experiencing a 32 per cent surge compared to the previous year.
Sosandar achieved a profit before tax (PBT) of £1.6 million for the year, a positive swing of £2.2 million compared to the previous year, which recorded a £0.6 million loss.
Co-CEOs Ali Hall and Julie Lavington said in a statement: “We are delighted to report on what has been a transformational year for Sosandar. Despite the challenging macroeconomic backdrop, we have seen increasing demand for our products across all categories with strong trading across both Sosandar.com and through our third-party partners.
“The sustained growth in revenue and profitability throughout the period is testament to our ability to deliver a unique quality product offering and highly effective marketing strategy, that resonates with our customer base. Our success to date would not be possible without the commitment and dedication of our team and we would like to take this opportunity to extend our appreciation to all of our staff for their hard work during the year.”
The co-CEO’s also cited their recent partnership with Sainsbury’s as a key “accelerator” of growth. The company announced a deal for the supermarket giant to stock some of its most popular lines in-store and online in January.
