Beaverbrooks sees gross sales and income fall amid ‘difficult surroundings’
The Beaverbrooks Group has reported a fall in turnover and revenue for the yr to February 2025, however stated it stays dedicated to funding and charitable giving because it marked £25m in donations since 2000.
The family-owned jeweller recorded group turnover of £217.3m, down 3% from £224.3m the earlier yr. Its working revenue additionally fell 20% to £8.6m, which the corporate attributed to rising prices in a difficult retail surroundings.
Regardless of the decline, Beaverbrooks invested £9.5m in refurbishments throughout 11 shops, together with £2m in Glasgow’s Braehead outlet, £1.6m in Bracknell and £1.5m in Peterborough.
An extra £1.5m was dedicated to modernising its e-commerce techniques. The corporate additionally closed seven shops it stated had been now not commercially viable.
Charitable donations from firm income totalled £1.6m throughout the yr, taking the cumulative determine given by means of the Beaverbrooks Charitable Belief since 2000 to £25m.
Staff additionally volunteered 4,300 hours to neighborhood tasks, whereas 45% contributed to payroll giving schemes.
The corporate, which employs workers throughout 83 shops, stated it continues to prioritise workers coaching and growth.
A brand new two-day course for gross sales managers was rolled out throughout the enterprise final yr. Beaverbrooks has additionally been awarded three-star accreditation by Finest Corporations for worker engagement.
Moreover, Beaverbrooks’ product funding included the Past Brilliance diamond vary, which exceeded gross sales projections, and the Clover jewelry assortment, which carried out strongly by means of Christmas.
Anna Blackburn, managing director of Beaverbrooks, stated: “We’re very pleased with the dedication, resilience and exhausting work proven by our groups throughout the UK to ship robust ends in what was a really tough yr for the sector.
“By the challenges, we’ve needed to make some tough selections. Nevertheless, we’ve stayed true to our values and goal of enriching lives, leaving us in a powerful place – rising our market share and nonetheless reaching outcomes to be pleased with.”
Mark Adlestone, chairman, added: “It’s been a tricky yr throughout the trade and I’m very pleased with the efforts that our colleagues have put in to attain these outcomes.
“It’s a part of our DNA as a 106-year-old family-owned enterprise to counterpoint lives by means of supporting charities and communities, so I’m extremely proud that we’ve reached such a major milestone of donating £25m to charities for the reason that yr 2000.”
