Botox clinic booming for Apprentice star Leah Totton
The 'Apprentice' cosmetic skincare clinic operated by Londonderry's Dr Leah Totton clocked up revenues of over £700,000 last year.
The medical doctor claimed the BBC Apprentice crown in 2013 with a plan to launch a 'Botox Empire' of cosmetic clinics.
Dr Totton's win resulted in Lord Alan Sugar parting with £250,000 to invest in the business.
Lord Sugar has admitted that it was the promised high profit margins that persuaded him to choose Dr Totton. And the 27-year-old has delivered on her promise with Dr Leah Ltd recording pre-tax profits of £242,311 in the 12 months to the end of June 30 last year.
This followed the firm recording a pre-tax loss of £49,684 in its first six months of business due mainly to start up costs.
However, the accounts show that sales sky-rocketed in the firm's first full 12 month period.
Revenues at the clinic last year increased four fold from £176,362 to £706,926.
In a statement yesterday, Dr Totton said: "I am delighted with the performance of Dr Leah Limited in our first full year of trade, we are a young company but are already trading very profitably and forecasting considerable growth in the coming 12 months."
Customers to the Dr Leah Clinic in central London can pay between £199 to £350 for Botox 'Area' Treatments while wanting Dr Totton to apply the treatment herself will cost an additional £50.
Those seeking lip enhancements at Dr Leah's clinic pay £300 or £370 if customers want Dr Totton to apply the enhancement.
The business also offers a £382 'fat reduction' or 'Fat Freezing' treatment for thighs, tummy or arms.
The accounts show that the firm is well on its way to repaying the £250,000 that Lord Sugar has invested in the firm.
The returns show that the company last year declared a dividend of £150,000 with Lord Sugar and Dr Totton to share the dividend on a 50/50 basis or £75,000 each.
According to Dr Totton and Lord Sugar in their directors' report "the company performed very well with sales of £706,926".
On the current financial year, Dr Totton and Lord Sugar state "the new financial year has started well and the company continues to grow in line with expectations".
The buoyant year enjoyed by the company last year is reflected in its cash pile last year more than doubling going from £190,067 to £439,526.
In her statement, Dr Totton said: "We are delighted to be imminently expanding with a second Clinic opening in Loughton, Essex, early Spring with hopes to expand into other geographical territories in the near future and a Dr Leah Skincare range in the pipeline."
Asked if she has plans to open outlets in Northern Ireland or the Republic, Dr Cotton said: "As always, Ireland remains close to my heart and a key area of interest for Dr Leah Clinics & Skincare."