Berry’s FY20 turnover hits £34.6m
The group’s operating profit also grew in the year ended 30 June 2020, rising from £4.1m in FY19 to £4.2m the following year
Berry’s Jewellers, the trading name of Berens and Company, saw turnover increase 3.3% year-on-year to £34.6m for FY20.
The group’s operating profit also grew in the year ended 30 June 2020, rising from £4.1m in FY19 to £4.2m the following year.
Net cash at the jewellery and Swiss watches provider increased from £11.3m to £13.1m during the period.
However, a dividend payment of £14.2m resulted in net assets declining from £34.6m in FY19 to £23.9m as of 30 June 2020.
The company, which operates across sites in Leeds, York, Newcastle, Nottingham, Windsor, and Hull, recognised that “2020 was impacted by the global Covid-19 pandemic” as store closures took place from 24 March to 14 June 2020.
It added: “Although sales were adversely affected by the store closures, we managed to generate some turnover, primarily through online sales, during this period.
“Taking into account the challenges faced towards the end of the period, the directors are delighted with the performance of the company in the period.”
