Churchill China plc AIM:CHH
- Incorporated
- United Kingdom
- Chief executive
- D M O'Connor
- Employees
- 687
- Reports in
- GBP
- Companies House
- 02709505
Read straight from the annual reports
355p at close on 5 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
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| Adjusted operating profit | — | — | — | |||||||||
| Exceptional items | — | — | — | |||||||||
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| Adjusted profit before tax | — | — | — | |||||||||
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| Adjusted minus statutory PBT | — | — | — | |||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | — | — | ||||||||||
| Adjusted EPS | — | — | — | |||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Hospitality sector replacement business (breakages/restocking)
A large proportion of revenue comes from replacement business which tends to continue regardless of the underlying economic environment; UK installed base drives replacement demand
page 10New installations/openings in hospitality venues
Reduced number of new installations of tableware in the year reduced revenue; RoW installations delayed
page 6Reduced manufacturing volumes / operational gearing
Below optimum cost recovery from decision to pare back production to reduce excess stock; gross margin fell from 36.6% to 35.9%
page 17Wage and National Insurance increases (April 2025)
Higher manufacturing cost per piece following wage/NI increases; 6% average pay award applied in April
page 6With a recovering market and our investment in our sales and service offering we see a bright future for Churchill... it is only in a prolonged conflict with dramatically increased pricing that this would materially impact the expected results.
page 8Group notified in January 2026 that a Furlong Mills customer intends to expand direct supply from another supplier, likely impacting Furlong Mills profitability; mitigating actions taken
page 19Policy is to pay a sustainable and progressive dividend linked to medium/long-term performance, consistent with maintaining appropriate dividend cover and not introducing excessive risk relative to profits. Final dividend of 14.0p proposed for 2025 (total 21.0p, a 42% decrease on 36.5p paid for 2024), reflecting a deliberate but 'difficult and prudent' Board decision to reduce the dividend given challenging trading; Board expects dividend to return to consistent meaningful growth.
page 36Directors adopted the going concern basis, having reviewed alternative revenue-reduction scenarios, cash/deposit levels and available financing, concluding it reasonable to expect continued operational existence for at least 12 months. PwC issued an unqualified/unmodified audit opinion (true and fair view) with three key audit matters: inventory provision for slow-moving/obsolete items, valuation of defined benefit pension liability, and valuation of investments in subsidiaries (parent only); no material uncertainties relating to going concern identified. Group materiality £763,000 (1% of revenue); Company materiality £87,000 (1% of total assets).
page 65- Market and Business Environment Change — dynamic markets, evolving distribution channels and product requirements risk loss of revenue if trends/risks are not anticipatedp.20
- People — dependence on skills/knowledge of employees at all levels; risk that key skills/experience may not be available through recruitmentp.21
- Manufacturing and Supply Chain — over 85% of revenue from UK facilities exposes the Group to risk from loss of availability of part/all of facilities, key supplier/material loss, and energy price/availability risk (including Middle East geopolitical instability)p.21
- Environmental Risk — rapidly changing regulatory environment (EU/UK equivalency, potential levies) could negatively impact ability to generate revenuep.22
Read from C000285-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 17 Apr 2027