Turnover at Chisholm Hunter Holdings Limited increased by 9.5% to £36 million in its financial year ending March 2018.
The luxury jewellery group, which celebrated its 160th anniversary last year, now has 22 showrooms across the UK – including a luxurious three-story flagship in Edinburgh.
Its 2016-17 sales were almost double the £18.9 million recorded just four years ago in the 2013-14 financial year.
Operating profit for Chisholm Hunter has dipped for the past two years from a peak of £3.9 million in 2014-15 to £2.8 million in the latest financial year, during which the business made a massive investment in a new flagship store.
According to the reported filed with Companies House, the Board is “satisfied” with the performance in the year and remains positive about the longer term growth prospects.
Mr Brown tells our sister publication WatchPro: “At Chisholm Hunter we have continued with our model for managed and sustainable growth last year. Throughout this period there has been significant reinvestment in the following: a new and more efficient website platform, three major store refits, the exclusive addition of luxury brands to our portfolio such as Vacheron Constantin, Breguet, Blancpain, and Glashütte Original, and lastly the acquisition of our flagship three story boutique in Princes Street Edinburgh.”
“Investment in training and development of our people, has ensured that customers continue to be provided with the highest standards centric to the Chisholm Hunter ethos. This has contributed to this years 9% growth in sales and £3.6 million EBITDA,” he adds.
2018 is looking like another year of balancing investment in Chisholm Hunter’s growing network.
Chisholm Hunter has already successfully revamped and reopened its Manchester store to reflect the Princes Street flagship.
The company also has expansion plans for the new year, including three new boutiques already confirmed.