Portmeirion Group plc
Portmeirion Group PLC is a global homeware brands group headquartered in Stoke-on-Trent, England, owning the Spode, Portmeirion, Royal Worcester, Wax Lyrical and Nambé brands. The Group designs, manufactures and distributes branded ceramic tableware, giftware, cookware, glassware and home fragrance products, manufacturing c.40% of its own products (mainly at its Stoke-on-Trent ceramics factory and its Lake District home fragrance factory) and sourcing the remainder from third-party factories. It sells into more than 60 countries via wholesale (83% of sales), own eCommerce (9%) and own retail (8%), with its three established markets being the UK, US and South Korea.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 6 May 2026 · 110 pages · Companies House
Portmeirion Group, which owns homeware brands such as Spode, Royal Worcester and Nambé, had sales of £91.1m in 2025, almost unchanged from £91.2m the year before. But it went from a small profit before tax of £45k to a loss before tax of £7.2m.
The report blames US tariffs, which disrupted sales in North America. It also points to higher UK energy, National Insurance and wage costs, partly from making more products at its Stoke-on-Trent factory. On top of this came a one-off £2.9m charge to write down old and second-quality stock, plus restructuring costs.
Cash fell to £6.5m from £10.9m, while borrowings rose to £24.0m. No money was raised from shareholders, and there was no dividend for 2025, against 1.50p for 2024. Management said sales in early 2026 were ahead of last year but warned the economy remains uncertain. The auditor signed off the accounts but flagged a "material uncertainty" over whether the company can keep going, because a sharper fall in sales could break the conditions on its bank loans.
Wholesale sales to national and independent retailers/distributors
Wholesale channel accounts for 83% of total sales
page 11Made in Stoke-on-Trent onshoring of production (33.7% of branded tableware production in 2025, +c7% vs 2024)
Short-term gross margin impact from higher energy and labour costs in the UK vs offshore production
page 5Return to growth in Q1 2026 with revenue at end of March ahead of last year, with the US and International markets showing growth; good initial progress against the 'Elevating Portmeirion' strategic priorities (fortress balance sheet, focused expansion, excellence everywhere)
page 2No interim or final dividend was paid or proposed for 2025 (2024: 1.50p total). The Board has prioritised growth and net debt reduction ('Fortress Balance Sheet') over dividends, intending to pay dividends from a position of strength and from the earnings of a well-invested business once this is achieved
page 1511 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
Nothing restated
Every figure is read again from the following year’s report: 445 confirmed, 5 differ.
No figure has been restated: every figure a later report printed again, it printed the same.