Beaverbrooks posts record results
Beaverbrooks, the Lytham-based jeweller, recorded the best-ever financial results in its 101-year history posting double-digit growth in turnover and profit.
For the full year to 29 February 2020, turnover increased 12.4 per cent to £143.2m, with operating profit up from £12.8m to £17.2m.
Beaverbrooks is also noted for its charitable giving, donating 20 per cent of retained profits to charity. A total of £1.78m has been donated from both the company and the Beaverbrooks Charitable Trust. Since the year 2000, the company has donated in excess of £15m to more than 750 charities.
Away from the numbers, the company also received the Diamond Award from the HM Government & Institute for Fundraising for its Payroll Giving, the ninth consecutive year of recognition for its commitment to payroll giving. 47 per cent of its people were involved in Workplace Giving at the year-end; against a national average of 7 per cent.
Beaverbrooks is also witnessing a strong recovery following the pandemic, with sales up 12.2 per cent year-on-year from August to October.
Mark Adlestone, chairman of Beaverbrooks, said: “We’ve just had the six most profitable years in our history, which we’re delighted with, and without doubt provided a strong financial footing as we entered 2020. Last year was an important year for us as we celebrated our centenary, so to reach this milestone and achieve the many accolades awarded to the company during this period, is fantastic."
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