Marks Electrical  says its performance has been helped by strong demand for domestic appliances, such as fridge freezers, washing machines and TVs.

Chief executive officer Mark Smithson – who previously revealed his ambitions of hitting annual sales of £500 million in the next five years – said: “The fourth quarter was another excellent trading period for us, with 19 per cent revenue growth versus a particularly strong comparative of 127 per cent in the prior year.

“Our disciplined focus on margin management, capital allocation and cash generation has also led to a strong returns profile from our asset light operating model.