Slingsby acquires Stakrak to expand product offering

Slingsby acquires Stakrak to expand product offering

Slingsby which has reported an uplift in its full-year results has also confirmed a recent acquisition.

The business posted revenues of £21.6m for year ended 31 December ’22 which was up from £19.8m for the previous year. It also said that sales for Q1 2023 are up by 5 per cent year-on-year.

At the end of March 2023, Slingsby acquired certain assets of Sussex based Stakrak Limited for a consideration of £110,000. Stakrak trades primarily online, to a market complementary to Slingsby’s own, with three websites specialising in workplace equipment and, in particular, mesh cages.

In a statement, the business said: “The market remains competitive, and the board is cautious regarding the outlook. This is particularly the case due to the significant uncertainty that remains caused by the continuing conflict in Ukraine, the risk of a recession in the group’s main UK market, and that the longer-term impacts of the Coronavirus pandemic and Brexit are not yet fully known.

“In addition inflationary pressures remain, leading to cost increases across the product range and in overheads.”



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