Chisholm Hunter earnings plummet to £2.63m

Chisholm Hunter has revealed that its revenue earlier than tax dropped from £5.35m to £2.63m for the yr ended 31 March 2024.

The group’s turnover additionally barely dipped from £57.91m to £57.884m within the face of a aggressive market.

Its gross revenue additionally fell from £10.38m to £9.95m.

Nonetheless, wanting forward, it mentioned that it enters 2025 with confidence within the outlook for the enterprise because it continues with its thought of and sustainable enlargement plan.

The jewelry model at the moment has plans underway with the opening of two extra flagship boutiques within the UK.

In the course of the interval, the variety of shops remained secure at 27 with shops situated at Princess Avenue in Edinburgh and Bluewater and Bromley and Kingston in London. The flagship boutique in Glasgow is situated on Buchanan Avenue, which has the second busiest retail footfall within the UK, after London’s Oxford Avenue.

Moreover, the net retail enterprise continued to ship vital progress through the yr and additional funding is deliberate to have the ability to supply purchasers an alternative choice to buy in retailer, notably because of its “sturdy retailer positioning” throughout the UK for click on and accumulate.

Lastly, the corporate continues to put money into its workers and the longest serving staff have been within the enterprise for over 30 years.