Gravells Limited saw profit before tax in the year ended December 2023 grow from £2.4m to £4.6m – a return of 3.6%, up from 2.3%. Turnover was also up, from £107m to £130m.

The Wales and Hereford retailer said growth has been helped by new value-added products and services, investment in its underlying systems and maintaining a high level of service to its customer base.