‘Largely positive year’ for silver company hailed as revenue grows | Northwest Business News
A boss at a Kirkby-headquartered silver nitrate and oxide maker hailed a “largely positive year” in which turnover surged despite an “extremely difficult” trading environment.
Ames Goldsmith UK is headquartered in Knowsley Industrial Estate.
His plant has been in continuous operation as a refiner and manufacturer of silver for nearly 150 years.
Today it is one of the largest such companies in the world, supplying the electronics, medical, photography, mirror, water treatment and catalyst industries.
For the year to June 30, 2021, Ames Goldsmith UK recorded turnover of £128.4 million compared to £67.6 million in 2020. However, pre-tax profits fell slightly to £953,588 compared to £1.9 million in the previous period.
Wayne Thornhill, European Sales Manager at Ames Goldsmith UK, said Initiated“Ames Goldsmith UK Ltd has had a largely positive year during our financial period from 20/21 and now into 21/22.
“The trading environment has been extremely challenging (both in terms of precious metals management and raw material costs) and it is thanks to the hard work of our fantastic team based in Liverpool that we have been able to meet the current challenges. of Brexit and Covid.
“Right now, we are now facing even greater challenges, namely drastic increases in raw material and energy costs. During the period, we saw an increase in sales volume coupled with high silver prices, leading to the reported increase in turnover.”
Looking ahead he added: “Ames Goldsmith UK Ltd supports key industries and continues to experience growth in these areas, as a business we mainly export our goods to the EU so Brexit continues to occupy a significant position with additional complexity and costs.Unfortunately, we were additionally hit by an extreme and unforeseen increase in costs due to the energy crisis which also impacted profitability this year .
“Our continued focus on customer service and quality means we are well positioned to continue working with our customers to overcome these current business challenges in the next fiscal year.”