Emma Bridgewater Limited faced a tough year with a £4.1 million loss. However, the company is now seeing significant improvements in its performance this year.
Hanley: Emma Bridgewater Limited has had a rough patch lately. They reported a £4.1 million loss, which is quite a jump from last year’s £1.2 million loss.
Turnover dropped from £37.8 million to £31.6 million. That’s a big hit! The company’s gross margin also fell, now sitting at 35.9 percent.
They’ve been trying to attract more customers with promotions. But it seems like increased competition and rising costs have made things tough.
To save money, they cut down on staff and switched to four-day work weeks. But there’s good news! Emma Bridgewater is seeing a significant improvement in the first part of this financial year.
The company has made some changes to get back on track. They’ve optimized their workforce and adjusted production schedules to match demand better.
Directors are optimistic about the future. They’ve renewed their banking facilities with HSBC, ensuring they have the funds needed for growth.
They’re keeping a close eye on the economy, especially inflation and supply chain issues. It’s all about making sure they can keep improving and growing.
