Equipment supplier: a turnover of €58.6m and net profit of €7.8m for Castore (UK) in 2021-22

Castore, a British equipment manufacturer founded in 2015, posted a turnover of £48.8m (€58.6m) for the financial year 2021-22 (from 01/02/2021 to 31/01/2022), nearly three times more than in 2020-21 (£17m, or €19.1m).

The net profit of the Manchester (UK) based company has also tripled to reach £6.5m (€7.8m). In 2021, the number of employees at Castore also increased from 38 to 174.

The commercial activity of Castore is based on an aggressive sponsorship strategy. For the financial year 2021-22, the British company founded by brothers Tom and Phil Beahon has signed partnerships in English football (Wolverhampton Wanderers FC, Newcastle United FC), rugby (Saracens RFC), cycling (Bahrain Victorious) and motorsports (24 Heures du Mans, McLaren Racing).

"The strong performance this year is driven by successfully launching new partnerships as Castore continues to disrupt this market through its combination of premium brand, high quality product offering and digital expertise. These partnerships have in turn significantly enhanced Castore brand awareness and desirability," said the…