Online marketplace Notonthehighstreet has reported a decline in sales while losses widened.

According to its latest filed accounts for the year ended 31 March 2025, total sales fell 19% to £21m from £25.8m in 2024.

Meanwhile, total transaction value fell 18% to £84.2m from £102.7m year-on-year. This is an alternative performance metric defined as the gross sales including VAT, made on the Company’s website, from which the company earns a commission.

Pre-tax losses amounted to £8m, widening from a loss of £5.4m against the previous year.

Stated within its report, the company said: “The Directors remain committed to the long-term strategy focused on driving revenue and returning to profitability. Throughout the current financial year, the performance of the business continued to be impacted by a challenging macroeconomic environment and subdued consumer confidence.

“In response to these market conditions, a restructuring programme was executed during the year to reduce operating costs, delivering a structurally lower cost base. Exceptional restructuring costs of £0.8 million were incurred in connection with this programme and are not expected to recur. The Directors are confident restructuring has positioned the Company well to focus on revenue growth and a return to profitability.

“Subsequent to the year end, on 27 January 2026, the business was acquired by EEP. The Directors consider this a further demonstration of confidence in the underlying business model and the trajectory of the Company.

“As part of the transaction, a new CEO and CFO have been appointed, and their initiatives will build upon the work undertaken by the previous management team, including further commercial and operational improvements.”