Space NK has filed its accounts for the year to the end of March and given that it was a 53-week year rather than a 52-week one it’s no surprise that sales and profits rose. But it’s clear that the company is thriving generally as the jump was about more than just an extra week of trading during the period.

The company said turnover reached £196.5 million, up from £146.6 million in the previous year. That was a 34% leap with the retailer saying the growth was a result of a very strong like-for-like (LFL) performance in it stores – LFL sales were up 28%. It also saw online sales growth of 28% with newly opened stores also adding an extra boost to the figures.

And profit rose too. Operating profit jumped to £10.8 million from £2.6 million and EBITDA was also up sharply at £15.9 million after it made £5.9 million in the previous year. Adjusted EBITDA increased to £16.2 million from £6.4 million and net profit for the period was £7.4 million, up from £1.3 million the year before.

The business ascribed these impressive increases to its continued strategy of investment in its stores, in its operations, technology and customer acquisition, all of which are continuing in the current financial year. And its directors said they’re confident this will further increase its resilience, turnover and EBITDA.

As mentioned, both existing and new stores contributed to the strong performance during the year and the company expects that strength to continue. It has plans for 10 new stores in 2025, coming after it has already opened or signed for several new locations in 2024. Its most recent opening came only in early December at centre:mk in Milton Keynes.