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9 February, 2018

Turnover closes in on £16m at Gloucestershire cutler

Posted in : January/February 2018 on by : gap personnel Tags: , ,

Turnover has neared the £16m mark at Gloucestershire-based cutlery company Robert Welch.

The company, founded in 1961 in Chipping Campden in the Cotswolds by designer Robert Welch, is currently run by his children Alice Welch and Rupert Welch.

Profits before tax for the year to April 2017 were £1.38m, down from £1.41m for the previous 12 months, with margin decreasing from 39 per cent to 36.9 per cent.

Turnover was £15.9m, up from £14.5m in 2016.

Alice Welch, director, wrote: “Although the sales growth has not been as high as 2016, the directors are very pleased with the overall performance of the company this year with both UK and international sales remaining strong.

“Although the immediate future will be more economically challenging for all UK companies, the directors believe that the company is in good financial health and will continue to prosper.

“The company’s philosophy of consistent reinvestment and reasonably low gearing will again prove to be a successful formula going forward.”