THE cosmetic skincare clinic business operated by Derry Girl ‘Botox queen’ Dr Leah Totton enjoyed record sales and profits last year.
She won the BBC Apprentice crown in 2013 with a plan to launch a Botox empire of cosmetic clinics.
Dr Totton’s win resulted in Lord Sugar parting with £250,000 to invest in the business.
Lord Sugar admitted it was the promised high-profit margins that persuaded him to choose Dr Totton, and the 29-year-old has delivered on her promise.
Accounts filed by Dr Leah Ltd have revealed pre-tax profits increased by 6% to £268,487 in the 12 months to the end of last June.
This followed revenues at the company soaring by 43% – from £893,911 to £1.27m during the 12 months.
The increase in revenues was driven by a full year’s business at Dr Totton’s second clinic, which opened in Essex in 2016. Dr Totton and Lord Sugar each hold a 50% shareholding and the company paid out dividends last year of £200,000.
This followed a £100,000 dividend payout in 2016 and £150,000 in 2015.
The directors’ report states that the company enjoyed record sales and profits last year.
It said: “Both clinics continue to perform well and in line with financial targets.
“The board remains confident that with the steps already taken, together with the continued growth of the brand name, this will result in further demand for our services and is confident that the business will continue to grow.”
The directors state the company performed very well last year and confirmed the new financial year has started well, and the company continues to grow in line with expectations.
Customers to the Dr Leah clinics can pay between £199 and £400 for Botox ‘area’ treatments.
Those seeking lip enhancements pay £180 or £400.
The firm recorded post-tax profits of £216,226 in 2017 after paying tax of £52,261.
The accounts show the company recorded a gross profit of £1m after cost of sales totalled £275,178.
The company enjoyed an operating profit of £267,408 after administrative expenses of £734,751 are taken into account.
The profit takes account of non-cash depreciation costs of £66,601.
At the end of last June, the company had shareholder funds totalling £372,580.
The company’s cash reserves increased from £187,096 to £254,530.
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