Despite the major challenges experienced over the past twelve months during the UK lockdown, newly released second-year figures signal significant growth for one of the country’s newest and growing business groups. Manchester-founded Inc & Co has 15 brands across retail, property, tech, food & beverage and logistics.
Second-year results show a group turnover of just over £30m, which has been fueled by various acquisitions including Chop’d and KNOMO London. Forecasts show a projected turnover by 2023 of £100m as the group’s retail and property arms are set to see turnovers increase as city and town footfall rises. The Group also made its first strategic sale earlier this year of consent and data management platform, MyLife Digital, to prominent data privacy and information security firm DataGuard.
Inc & Co’s unprecedented growth is also undoubtedly sparked by the company’s acquisitions, having made eight over the past year. As well as bringing in logistics firm Caribou, the collaborative has also made a number of acquisitions under the company’s retail arm, Inc Retail, including KNOMO, Chop’d, Laundrapp, Gut Instinct, and Tootsa, welcoming 600 new employees into the Inc & Co family within the last 12 months.
Jack Mason, Group CEO, Inc & Co, said “This year has definitely been tough for many businesses, ours included. There’s been widespread uncertainty that has meant that consumers haven’t been spending, and businesses have naturally been wanting to hold back budgets. However, we’ve been fortunate that in the past 12 months we have had a number of fantastic opportunities to acquire some well-known brands, such as KNOMO London, and at the same time protect as many jobs as possible. Our 2021 results show huge growth and are a testament to the hard work of every one of our teams for their dedication and tenacity in the face of uncertainty.”