The retailer posted a pre-tax profit of £547,000 in the year to 31 January 2017.

Although revenues fell to from £56.6m in the previous year to £53m, Toymaster referred to the year as one of significant growth for the UK toy market and stated that 60% of its members had reported sales above 2015 levels. During the past year, 15 new members have joined the group.

The figures represented a significant turnaround from the previous year, which had seen Toymaster post a loss for the first time in nine years after largest member Trod was placed in administration.

Toymaster’s annual May show opens tomorrow in Harrogate, with expectations high after the spinner craze which has generated significant sales for independent retailers over recent weeks.