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Sandra Halliday Published
April 7, 2025
Jacobs & Turner, the company that owns the Trespass outdoor brand, has filed its accounts for the year to last June and on a purely financial level, they don’t make happy reading. The company’s profit plummeted during the year despite revenue dipping by only a tiny amount.
The firm designs, wholesale and retails its outdoor clothing and related goods and said that the financial year was a challenging one for the retail sector. It's operating costs continued to rise and in the tough marketplace, sales were relatively flat. The US dollar also maintained a strong position for most of the year, impacting the cost of goods and freight.
That said further growth for the business was achieved in strategic locations across Europe.
So let's look at the numbers. Group turnover edged down marginally to £127.3 million from £127.4 million a year earlier. But retail sales stayed “strong across the year with some favourable weather conditions for the range”. E-commerce continued to grow too and the firm expanded the range of marketplaces “to help facilitate future growth opportunities”.
Also good news was the fact that the gross margin increased to 36.9% from 30.9%. But pre-tax profit, as mentioned, dived. It went down to £1.3 million from £9.7 million. Net profit for the year was just over £300,000, a sharp comedown from the £7.6 million of the previous 12-month period.
The company, which was founded in 1983 and launched Trespass in 1984, is headquartered in Glasgow. It’s owned by the Khushi family and their dividends dropped to £400,000 for the year from £8.4 million in the prior year.