National jeweller Warren James’ yearly financial performance (for the 12 months up to 31 March 2020) looked almost identical to the 12 months prior.
In the 12 months prior to the pandemic, Warren James saw a dip in turnover while profits remained steady.
Turnover for the year to 31 March 2020 was nearly £102.5 million, down almost £8 million on 2018/19’s £110.4 million.
However, profits after tax in the most recent financial report were actually up slightly. They increased a marginal £102,000 for a total of £28.9 million last year.
The company commented on its performance: “Trading conditions on the high street were challenging, but Warren James’ unique and unrivalled retail offer of stunning jewellery at outstanding prices has continued to grow in popularity.
“The company has continued to invest in staff to nurture and develop those people who are at the heart of everything we do.”
In addressing the Covid-19 pandemic, the report added that “the directors … are comfortable that the company should be able to continue to operate as a going concern for the foreseeable future.”
The jeweller’s financial performance has been steady for a number of years now. Read about its 2018 results below: