Turnover at Allum & & Sidaway increased by 13% throughout the 52 weeks ended January 31 2012, its recently released accounts expose.
The business’s ‘Annual Report and Financial Statements’, reveals a boost in turnover from ₤ 6.4 m to ₤ 7.2 m, with gross revenue leaping from ₤ 2.9 m to ₤ 3.6 m.
Allum & & Sidaway director Jason Allum, states he is “delighted” with the outcomes, mentioning in the report: “The business has actually continued to carry out well with a 13% boost in turnover and an enhanced gross revenue margin. These motivating outcomes are because of 2 brand-new Pandora stores opening in the year.”
In general, the independent seller increased its operating make money from ₤ 743,274 to ₤ 920,497.
“As ever, we are exceptionally grateful for the ongoing assistance and effort of our workers and the commitment of our clients, providers and service partners,” states Allum.
Expecting the next fiscal year, Allum anticipates a possible decrease in trading efficiency due to challenging market conditions.
In 2015 Allum & & Sidaway moved its flagship in Salisbury and opened a high-end, two-storey store, which has actually been applauded by the market.
On a shop go to, Allum informed Professional Jeweller that diamond sales were up 900% throughout the very first 6 weeks of the flagship resuming. In addition, valuable jewellery sales were up 145%, and watch sales grew by 300%.
This year marks the business’s 75th anniversary.