Corsair Group Ltd

Review of the business The Group is a manufacturer, product developer, designers and distributors of licensed toiletries, fragrance and associated products. Results and performance The group has seen a 35% increase in turnover during the year, whilst also maintaining a margin of around 25%. These are the key KPI indicators for the group. Whilst the directors are pleased with this, they are still planning increased growth from the group. Business Strategy The Group supports its product ranges through strong promotional and marketing plans. It is also committing more resource to promoting its own brands with key retailers. The group has made strategic investments in new showrooms, offices and staff. These additional resources will provide the group with improved infrastructure to significantly boost turnover now and in the future. Turnover from the export side of the business has also increased due to better logistical operations now in place. The group's success is dependent on the license selection, pricing and ongoing management of the business it accepts. The group is continually reviewing and renewing its range of brands, whilst it invests time and resources looking for innovative and compelling products to add to its portfolio. Production is based in China, India and Turkey, which has contributed to the competitive unit costs of our products in the year 2024. Principal risks and uncertainties Market Risk The current economic climate remains very competitive. In order to maintain margins in the group, focus will be placed upon achieving this through improving the purchase cycle and pricing with its major suppliers. Selecting the right license is always a potential risk but the Group takes time to consider each and every opportunity before committing. Foreign exchange risk The Group enters foreign exchange in order to hedge against any anticipated currency fluctuations. Credit risk The group carries out vigorous credit check verification and credit control procedures, which assists with cash flow management. Future Developments During the current year 2025 the group has maintained its growth and is still looking to expand even its product range and processes.