Coventry, United Kingdom (PressExposure) November 23, 2012 -- The founder of leading multi-channel online bathroom retailer Luxury For Less has been named Young Entrepreneur of the Year.
Chris Li, founder and CEO of Luxury For Less, scooped the top accolade at the Growing Business Awards 2012, held in association with Lloyds Bank, after the judges had been "wowed by his dynamism and energy".
Chris was recognised for revolutionising and leading the bathroom industry by taking an entrepreneurial and digital approach to a business model that has traditionally relied upon high street presence and footfall.
He established Luxury for Less six years ago aged 23 and is now achieving a turnover of Â£14m. The judges described Chris as a "real money maker" and were impressed by the highly profitable business which is creating jobs from its base in Coventry.
Luxury For Less supplies bathroom equipment, furniture and accessories direct to the public via its website BathEmpire.com and to the trade market through its Kirby Sebastian brand.
Chris said: "I am absolutely thrilled to be named Young Entrepreneur of the Year. It is fantastic recognition for establishing Luxury For Less as a market leader online within six years of starting out on eBay."
The prestigious Growing Business Awards highlight some of the country's most exciting, innovative and scaleable business models, and over the past 14 years have identified emerging businesses that have since become household names, such as Innocent Smoothies, Autonomy and LOVEFiLM.
Mark Stokes, Managing Director of Mid Markets, Lloyds Bank Wholesale Banking & Markets, said: "Congratulations to all of tonight's winners; they are a fascinating and highly impressive group of entrepreneurs and high-growth businesses whose future successes will no doubt play a vital part in our economic recovery.
"It's encouraging to see so much innovation, energy and promise from all corners of the UK and across so many sectors. It's time to champion British enterprise and ensure these businesses reach their full potential in both national and international markets."
Dr Neil Bentley, CBI Deputy-Director General, said: "The UK's small and medium-sized firms have some of the greatest potential to grow and increase jobs, so creating the right conditions for them to do business in is critical to the health of our economy.
"The CBI is delighted to celebrate the achievements of these firms by supporting the Growing Business Awards."
Matthew Rock, Co-Founder of Real Business, described the winners as a breed of new entrepreneurs breaking into established industries.
He said Luxury For Less was among those recognised for changing the logic of their sectors and for pioneering new, digitally-driven business models and updating conventional approaches.
He added: "It just goes to show that no business can rest on its laurels as they can be assured that a hungry, innovative and determined entrepreneur will soon be snapping at their heels."