Top Track 250

Founded in 2001 when Nadir Lalani opened his first store in London, 99p Stores now operates 134 outlets, and serves more than a million customers every week. As one might expect, everything on the shelves costs no more than 99p. Benefiting from the recession, the company has recently launched Family Bargains, a new retail chain that will not be restrained by the 99p price tag. In 2010, sales reached £183.5m, representing a 63% increase on the previous year.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Company99p Stores
ActivityDiscount retailer
Sales £m183.5
Operating profit £m2
Main shareholdersLalani family (51%), Barclays Ventures (25%), other (24%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda