Profit Track 100

Chairman and chief executive Vashi Dominguez, 41, set up this online diamond sales platform in 2007. It made the jump to bricks and mortar in 2016 and its six shops now contribute about 40% of its revenue. They are designed to be laid-back and fun, with workshops where customers can have their rings personalised by craftsmen. Profits rose to £6.9m in 2018 and the firm has ambitions to expand into Asia. It has temporarily closed its stores but customers can still design jewellery online for delivery.

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
Year2020
Rank5
CompanyVashi
ActivityDiamond jewellery retailer
LocationCentral London
Annual profit growth97.90%
Latest profits £000s6,916
Latest sales £000s20,666
Staff55
Founded2007
Websitewww.vashi.com

If applicable:

* supplied by company † annualised figure