Hamilton and Inches posts record sales
Alongside this, the company’s gross margin remained stable at 37% while its overheads increased to £3.5m, up from £2.8m
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Scottish jeweller Hamilton and Inches has announced record sales of £11.3m, an increase of 16%, for the year ended 25 March 2023.
It attributed this success to its continued focus on “elegant design and timeless craftsmanship”.
The company also posted a pre-tax profit of £1.3m, slightly lower than the £1.4m it posted the previous year.
Alongside this, the company’s gross margin remained stable at 37% while its overheads increased to £3.5m, up from £2.8m.
CEO Victoria Houghton said: “In particular, we are delighted to see outstanding growth across the fine jewellery, silverware, and watch categories along with strong watch service and repair sales driven by our status as a Rolex Accredited Service Centre.”
