Diamond performance from family-owned jewellery company
Family-owned jewellery company Beaverbrooks, based at St Annes-on-the-Sea near Blackpool, is reporting a 5% increase in turnover to £119m.
Operating profit before discretionary payments was £12.2m, compared to £15.2m in the 2015/16 period.
Net assets and equity shareholders’ funds both grew in the period, with Beaverbrooks increasing its stock holding by 13% to accommodate two new stores within its estate.
The 98-year-old business also donates 20% of post-tax and post distribution profits to its charitable trust, and has t... For the full story register now for free or login below...