Jun 16, 2021

Made.com makes its London debut

In the year to December 2019 it achieved sales of £212m, an increase of 22 per cent from the previous year, and a £18.7m operating loss. Sofa retailer ScS said a strong trading performance since reopening meant it expects the full year performance for the year ending July to be ahead of market expectations. The company restarted dividends and said that, given its robust balance sheet and the strength of the current order book, the outlook for the 2022 financial year is also substantially better than current market forecasts. The company posted a £14m pre-tax profit for the year ended April, up from £4.2m the year before, on revenue up 157 per cent to £45.7m. William Hindmarch, CEO, cautioned that the company had seen "Somewhat of a reduction in customer engagement since the latest easing of lockdown restrictions". Jenkins founded 10x in 2016 after being ousted from Barclays the previous year.

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