Bathroom retail chain Ripples has once again been recognised as one of the top 100 franchises in the UK.
It was awarded the accolade in HSBC’s Elite Franchise Top 100 (EF100), an annual award first established in 2017 which aims to recognise the top UK franchise opportunities across various industries. Ripples was also named one of the top 100 franchises in 2021.
The board of the EF100 assesses franchise businesses using criteria such as the scale, revenue, speed of growth and contributions towards empowering franchisees.
Ripples has attributed its win to several factors, but specifically highlighted the fact it had opened six new showrooms over the past year.
“We are delighted to rank in the award’s Top 100 list”, said Ripples managing director Paul Crow.
“We worked alongside our franchise partners throughout 2023 to rapidly evolve and develop the business to cope with a challenging environment, doing so with great success. This prestigious acknowledgment caps off a great year for the whole Ripples team and we are proud to be recognised as an award-winning business opportunity for ambitious entrepreneurs too.”
Anita Roberts, franchise director at HSBC UK, believes Ripples’s win is particularly impressive considering the challenges posed by the economy over the past year.
“In this year’s judging, we also factored in how well brands have weathered the challenges posed by the ongoing financial crisis,” she explained, “achieving a position on this list is a clear testament to the extraordinary achievements of the brands that consistently set the gold standard for franchise management.”
Some of Ripples’s showroom openings this year have included franchise locations in Oxford, Nottingham and Truro. As well as being named as one of the top 100 franchises, 2023 has also seen the Ripples brand celebrating its 35th anniversary.