Company name: Lawrence Group
What they do: Online family jewellery business
The boss: Lawrence Collins
Latest turnover (?,000): 245,745
Four-year compound sales growth (%): 56
Latest Ebitda (?,000): 5,479
We meet again Mr Collins! Hatton Garden jeweller Lawrence Collins made the Hot 100 in 2010 in 38th place after growing sales from £17.1m to ?87.6m.
Now the indomitable chap has increased sales to… drum roll… 245m. Now that’s what you call a fast growth company. Doubly amazing when you consider the family firm has been trading for more than 50 years.
What’s his recipe for this sudden growth” The online retail portal, GerrardsOnline.co.uk, has been vital. The price of gold has also helped. The firm buys scrap precious metal and sells gold coins and fine gold bars. Add the price of gold to the dotcom formula and you’ve got a fabulously lucrative enterprise.
The Collins family still own the lot.
The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.