As the beauty and wellbeing etail group, which owns brands ranging from beauty box subscription service Lookfantastic to luxury cosmetics label Illamasqua, posted an impressive 31% uplift in full-year EBITDA to £91m, bolstered by a 24% rise in group sales to £916m.

While many a retail boss might underplay the work that goes into delivering that kind of result, Moulding takes a more straightforward approach.

“There were plenty of months last year when it was just a world of pain – this year has been really good so far but there have also been parts that have felt bloody horrendous,” he says.