Berrys Jewellers announces 7% rise in revenue to £36.2m for its 2015-16 financial year

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Berrys Jewellers, which operates eight luxury jewellery and watch boutiques across the UK, has reported sales of £38.8 million for its full financial year that ended June 30, 2016.

Revenue rose over 7% from £36.2m in the previous financial year. Profits rose 24% to £5.3 million for the year.

The result is particularly impressive because the financial year predates the Brexit vote that caused the pound to plunge in value and created a 25% price advantage for retailers of luxury watches in the UK compared to other Western markets.

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Berrys Jewellers, owned and run by the Walton family, has three shops in Leeds, along with outlets in York, Hull, Nottingham, Newcastle and Windsor.

The company is celebrating its 120th anniversary in 2017, and can trace its history back four generations to 1897.

Alongside its high end jewellery, Berrys stocks almost 40 luxury watch brands includes Patek Philippe, Jaeger-LeCoultre, IWC and Bremont.

In a forward-looking note in its trading statement, managing director Simon Walton said the company is investing in its digital infrastructure, both in terms of its consumer-facing website and its electronic point or sale system.

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