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Nigel TAYLOR Published
July 7, 2025
Beauty and personal care producer Creightons cited management’s decisive actions for a “significant” improvement in its second-half operating profit performance as the highlight in its results for its latest year, the 12 months ended 31 March.
But that’s where most of the positives ended as supply chain constraints and rising costs took their toll.
Revenue for the year fell 4.2% to £58.6 million while EBITDA for the 12 months dipped to £3 million from £5.9 million a year ago.
Despite that rise in H2 operating profit, overall for the year it still fell 67.5% to £1.4 million.
But cash generated from operating activities did increase from £1.4 million in H1 to £4.5 million in H2 and full-year cash from operating activities generated amounted to £5.9 million.
Creightons noted its balance sheet "remains strong” with net assets of £25.5 million.
Despite the revenues dip the company said sales growth momentum was maintained in the branded and export business despite the economic downturn.
Overall branded sales rose 11.7% to £22.8 million and total overseas sales increased by 5.6% to £10.6 million. But sales of retailer own-label products slipped 11.7% to £22 million and contract manufacturing sales fell 13.1% to £13.8 million.
Chairman William McIlroy talked of "the most challenging trading years ever faced by the group due to the supply chain and inflationary pressures from the global economic downturn".
However, he added: “We have responded to these challenges and made excellent progress in the second half of the year in returning the business to profitability and positive cash flow. Our branded business, boosted by the acquisitions in the previous year, has grown to almost £23 million. We are well placed to respond proactively to the challenging market conditions and remain open to further business opportunities."
MD Bernard Johnson added: “This has been a year of two halves. Our response to the challenging market conditions experienced in the first half was to implement as a six-point programme to restore margins, reduce costs, lower stocks levels and improve cash.
“We look forward to developing new sales opportunities in the year ahead leveraging on the strength of our brands, including Emma Hardie, and our in-house technical expertise.”