Financial Highlights (Group results) to 26th March 2022
- Turnover of £11.3m, representing record sales for the business and a 57% increase from the previous year.
- Online sales have continued to grow within overall turnover, with an increase of 110% from the previous year.
- The £3m investment in Edinburgh showroom was finalised and unveiled at the start of FY21.
Victoria Houghton, CEO of Hamilton & Inches commented:
“Following several years of disruption, the 21 / 22 financial year saw a level of normality return to trading.
“During the year, we unveiled the results of our £3m investment in the transformation of our Edinburgh city centre showroom which brought a contemporary feel to the retail floor, workshops and service areas while rejuvenating the original features of the beautiful Georgian building we call home.
“The renovated showroom has allowed us to elevate our luxury service offering and provide an unmatched customer journey in Edinburgh from start to finish. Some of the most exciting changes include the expansion of Patek Philippe’s presence and the refurbishment of The Rolex accredited workshop, which achieved the prestigious Rolex Service Centre status earlier this year.
“Whilst these efforts bring a fresh approach to many aspects of the business, there remains an unwavering commitment to preserve and nurture the heritage of our 156-year-old brand. This is achieved through our incredibly talented team of young craftspeople, who infuse a contemporary flare into collections whilst using traditional craft methods.
“We continued to deliver on our future growth plan, with further investment seen across the business in new retail collections. We are proud to be the only fine jeweller in the world with rights to 22ct Scottish Gold, which has received a staggering influx in interest globally. Our handcrafted, bespoke Scottish Gold fine jewellery collection completely sold out and we look forward to the much-anticipated launch of our second collection next year. In addition, the recent launch of our elegant Gold Luna Collection, made entirely from recycled 18ct yellow solid gold, nods to the importance and commitment we place on sustainable practices and incorporating these into collections.
“Whilst there will undoubtedly continue to be challenges, we are confident and committed to ensuring that Hamilton & Inches continues to be a destination brand on the Scottish luxury landscape for many years to come.”
