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Laings formally announces group turnover of over £35m in final year as separate businesses

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Laing The Jeweller (Glasgow) Limited has published its final set of accounts as a separate entity to Laing The Jeweller Limited and Parkhouse The Jeweller Limited, which the business acquired in September last year.

The 2017 accounts show sales of £15.6 million for the year ended May 31, a 33% rise over the same period in 2015-16.

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Operating profit was just under £1 million, almost double the prior year.

The accounts, filed at Companies House, state that the entire share capital of Laing The Jeweller Limited and Parkhouse The Jeweller Limited was acquired on September 1, 2017.

“The re-united group will have approximately 130 staff and turnover in excess of £35 million,” a statement from Laings managing director Joe Walsh says.

The only full year public accounts from Parkhouse and Laing The Jeweller were for the year ending May 2016, and showed combined operating profit of £1.2 million.

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