“It means the world to us to receive such lofty recognition,” said Cult Beauty co-founder Alexia Inge last week via Instagram. After ranking an impressive seventh in the Sunday Times Virgin Fast Track 100 league table, which ranks Britain’s 100 private companies with the fastest-growing sales over their latest three years, the Carmen-backed e-tailer went on to receive the Best Management Team Award at the annual celebration dinner.
Former journalist Inge and investment banker Jessica Deluca launched Cult Beauty from a basement flat in London’s Islington with an investment of just £16,000, and by its official 10-year anniversary next month the company is expected to have hit revenues in excess of £100 million. A go-to destination for beauty insiders, Cult Beauty not only champions independent and niche brands, but is also known for its customer service and expert advice.
Inge and Cult Beauty co-chief executive Murray Salmon joined the other founders and directors of the 100 private companies at the awards event at London’s Tobacco Dock last Wednesday. And their Best Management Team Award was one of just eight special accolades for excellence presented on the night. Hosting the event with his daughter Holly, Sir Richard Branson said “The Fast Track 100 entrepreneurs will produce the jobs, make a real difference and take Britain forward. They should be encouraged and they should be celebrated.”