长沙U币支付商家|【唯一TG:@heimifeng8】|Telegram账号盗号云控破解技术✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Leeds Group's woes continue to hold back turnaround progress
Nigel TAYLOR Published
October 24,长沙U币支付商家 2025
Major challenges continue to weigh heavily on Leeds Group. The lingering effects of Covid 19, the war in Ukraine, rising inflation and increased interest rates all continue to hold back recovery for the UK-based, Germany/mainland Europe-focused textile wholesaler.
In its results for the year ended 31 May, the company said that combination of factors meant consumer confidence remains “severely affected” and margins are “low at the commodity end of the market”.
“It is clear that the market as a whole would benefit from some degree of consolidation. Against this background, group trading has continued to struggle”, was the year-end conclusion.
But the slimmed down group said it remains committed to returning its core German trading subsidiary — Hemmers — to profitability following its sister brand KMR’s insolvency last year, although textile markets in Germany and other European countries continue to suffer, it noted.
And so to the results. Group revenue for all operations in the year slipped to £27.8 million from £29.6 million a year ago. However, Hemmers sales increased slightly in the year to £24.23 million from £24 million.
Meanwhile, group operating loss was cut to £509,000 from 2025’s of £2.99 million (which had included an impairment charge of £1.66 million) while group pre-tax loss was also reduced to £893,000 from a loss of £3,245,000. Not a bad result considering interest charges grew to £384,000 from £255,000 a year ago.
Not much in the way of outlook as management said it will “continue to assess the cost base to make sure it aligns with the reduced sales levels and look to make efficiencies wherever they can to ensure Hemmers is as competitive as it can be in the marketplace.
“The directors will continue to look at all options available to the group to maximise shareholder value”, it added.