Stationery vendor Rapesco Office Products has published its annual accounts for the year ended 31 May 2023.
The UK-based supplier reported gross revenue of £11.4 million, a year-on-year increase of just over 6% – although it didn’t specify to what extent the change was impacted by the development of pricing versus volumes.
Rapesco has been expanding into continental Europe in recent years as it looks to diversify its customer base. However, it did not disclose revenue on a geographical basis, saying to do so would be “seriously prejudicial to the interests of the company”.
Pre-tax profit for the reporting period more than doubled compared with the previous year to around £1.1 million.
FY sales at the Rapesco Group entity, which also includes DIY tools and consumables supplier Tacwise, were £19.1 million, slightly up on the prior year.