Full-year revenues at Bravissimo climb past £50m mark

Image credit: John Huw.

Company revenue at fuller-bust lingerie and swimwear retailer, Bravissimo, has soared past £50m in the last financial year, driven by the opening of new stores and strong online sales.

Accounts filed by the retailer on Companies House revealed that revenue increased 2.3% to £50.2m over the 12 months to 31 October 2016.

The accounts, signed off by director Jonathan Tremellen, said the increase was due to the “full effect of stores opened in the prior year” and “improved ecommerce sales”.

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Over the last year, Bravissimo has opened new stores in Cardiff, Bath, Liverpool and Belfast.

Gross profit for the period rose to £28.4m from £28.1m in 2015, but profit before tax was £2.2m, down from £3.3m in the previous year, bringing retained earnings to £14.4m, up 9% on 2015.

Bravissimo declared a £500,000 dividend during the year.

The retailer said its latest accounts reflect that the company is “well positioned to continue its delivery of its core business strategies, continually improve its management and systems infrastructure to ensure control, improve its customer service implementation and delivery of future growth plans.”

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