Edinburgh luxury jeweller Hamilton & Inches’ profit margin remained stable in the 12 months leading to 27 March 2021, almost exactly aligning with the first year of the pandemic in the UK.

Compared to the year prior, which was largely unaffected by Covid-19, the business’ profits actually rose by nearly £2,000.

Profits after tax for the business’ financial 2020 (the year to 27 March 2020) were £130,280.

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Hamilton & Inches’ financial 2021, however, saw an incremental rise to £132,036.

In her review of the period in a report filed on the Companies House website, director Victoria Houghton wrote that “the directors have tightly controlled costs” and taken advantage of government support schemes in order to overcome difficult circumstances such as the multiple months spent in lockdown.

She goes on: “Despite the challenges of the last 18 months, the business continued to take the first steps in its future growth plan.

“The directors have used the turbulent period as a time to prepare the business for the future […].

“Most significantly, during the periods which the shop was closed, the directors made the decision to continue with significant refurbishment works in the property.”

Read more about Hamilton & Inches’ refurbishment below:

INTERVIEW: Edinburgh’s Hamilton & Inches store now ‘much more of a customer journey’ after redesign