8th Sep 2025 09:04
(Alliance News) - Project Glow Topco Ltd, the owner of at-home beauty technology operator, The Beauty Tech Group Ltd, on Monday said it is mulling an initial public offering on London's Main Market.
Cheshire-England-based The Beauty Tech Group operates three distinct brands, CurrentBody Skin, ZIIP Beauty and Tria Laser. These brands offer at-home beauty devices "using aesthetic technologies which have been used in professional clinics for decades".
Founder & Chief Executive of The Beauty Tech Group, Laurence Newman, said he expects an IPO to help the business reach "the next level", as he noted "significant opportunities ahead."
The company cited a "significant market opportunity", with it operating in a global market with a value of between GBP9 billion and GBP12 billion last year. It added that a growing consumer interest in skincare, rising awareness of the AHBD brand and increasing regulation are all serving as structural drivers for market growth.
The company also hailed its "experienced and credible founder-led management team", drawing further confidence from its track record of profitable growth and with it noting that it has "multiple levers to deliver long-term sustainable growth."
For the six months to June 30 this year, The Beauty Group reported revenue of GBP55.2 million, up 27% from GBP43.5 million a year earlier. Pretax profit surged to GBP5.0 million from GBP40,000.
For 2024 as a whole, the group achieved revenue of GBP101.1 million, and pretax profit of GBP5.2 million.
CEO Newman said: "There are significant opportunities ahead for The Beauty Tech Group and an IPO on the London Stock Exchange will provide us with access to capital, and enable us to raise awareness and incentivise staff to take the business to the next level... I am very excited to embark on this next chapter as we look to build on our position as a trusted and recognised leader in the market."
By Christopher Ward, Alliance News reporter
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