Warpaint London plc (LON:W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, has today announced that Warpaint Cosmetics (2014) Ltd, a trading subsidiary of the Company, has been awarded the Queen’s Award for International Trade for outstanding growth in overseas sales over the last three years.
The Queen’s Awards for Enterprise recognises outstanding achievement by UK businesses in the categories of Innovation, International Trade and Sustainable Development. The awards are presented annually by HM The Queen, and are given for the highest levels of excellence demonstrated by a UK based company. The Queen’s Award for International Trade recognises businesses that have achieved substantial growth in overseas earnings and in commercial success.
The Company has seen overseas sales increase steeply between 2014 and 2016 from £2.0 million to £10.4 million. Total growth in revenue over the period was 420% and overseas sales as a percentage of total sales rose year on year.
Commenting, Sam Bazini and Eoin Macleod, Joint Chief Executives of Warpaint London Plc, said: “We are extremely honoured and proud to be selected for a Queen’s Award, and we would like to take this opportuntity to recognise the hard work and dedication of our employees, and efforts of our partners and distributors globally.
“To receive one of the most prestigious and internationally recognised awards for our international trade efforts reflects our strategy to continually progress as a business and drive the success of our brands, both domestically and overseas.”