Beaverbrooks the Jewellers bucked the trend of poorly performing high street retailers by racking up five consecutive years of growth in this, its centenary year.

Family-owned Beaverbrooks was established in 1919 and today operates 71 stores across the UK.

The Lythan St Annes-based group achieved a 2.9% increase in revenues which hit £127.4m, compared with £123.8m the previous year.

However, the operating profit of £12.4m dropped from £13.6m a year ago, and the gross profit margin fell from 17.3% in 2018 to 16.4%, due to the development of a subsidiary company, increased investment in employees, and new stock lines in preparation for the 100th anniversary.

As part of its mission to ‘enrich lives,’ Beaverbrooks donates 20% of retained profits to charity and has this year donated £1.265m. Since the year 2000, the company has donated in excess of £14m to more than 750 charities.

Beaverbrooks was awarded the Diamond Award from the HM Government & Institute for Fundraising for its payroll giving, the eighth consecutive year of recognition for their commitment to payroll giving. The group said 46% of its people were involved in workplace giving at the year end. The national average is seven per cent.

During the period Beaverbrooks employees gave £55,712 (2018: £42,765) through payroll giving. The net donation is 100% matched by the company resulting in total donations of £97,449 (2017: £74,755).