Norwich jeweller Winsor Bishop saw sales rise by 5% to £9.1 million in the year ending March 31, 2018.
In a report filed with Companies House, the jeweller attributes its strong performance to securing deals with leading luxury watch brands, and continuing to carefully curate the fine jewellery that sits alongside the likes of Rolex and Patek Philippe.
In terms of location, its flagship in Norwich continued to add to its reputation. Company director, Damian Farrimond, explains: “The group’s Norwich store continued to add to its reputation as the leading jewellery and wristwear retailer in Norwich and the county of Norfolk.”
He continues: “The shop on London Street showcases one of the finest collections of Swiss watches in the East of England including Rolex, Patek Philippe, Breitling, Omega, TAG Heuer and Tudor alongside a carefully curated collection of fine jewellery ensures that Winsor Bishop is one of the East of England’s leading independent jewellery retailers.”
In January this year, Winsor Bishop closed a store in Cambridge as the financial performance was “significantly below expectations”.
The 2018 accounts include a full year from the Cambridge store, and a first full year for a Swarovksi franchise store that the company runs in Norwich.
The star performer was the Norwich multibrand flagship, which managing director Sophie Fulford says included “an exceptional year of trading where our EBITDA grew by 51% over the previous year to £1.2m”.
For the current financial year, trading has continued to been strong with our turnover up 7% on previous year, Fulford tells our sister publication, WatchPro. “December turnover so far is up 28% on previous year,” she reveals.