Hambleton Group, based in Stockton on Tees, has reported a solid year for most of the diverse range of businesses it is behind, although an uncertain UK market led to a reduction in turnover within its caravan division.
The group is a parent company for businesses in a range of sectors including the sale of new and used caravans, caravan storage, secure warehousing, auction services, an arts centre and the sale of vinyl records, record players and other accessories.
Turnover for the year ended 31 December 2018 was £7.1m, down from £8m in 2017, with pre-tax profit falling from £294,147, to £116,117.
Uncertainty in the market across the UK led the caravan division to experience a fall in turnover. However, caravan storage experienced a rise over 2017, with demand exceeding supply.
Vectis Auctions, which operates auctions of collectable toys and related genre, maintained its turnover in 2018.
ArtsBank Art Services provides an online arts and sales platform, with a viewing gallery available at the group's main premises. The division has renovated the freehold property previously occupied by the gallery, with the majority of the apartments now being sold. The company said that the group is reaping the benefits from the investment opportunity.
A spokesperson for the company said: "2019 has seen Vectis Auctions have its best ever year since the business was formed in terms of sales and profits and the directors are looking forward to the year ahead. "Following an uncertain period for UK businesses, The Hambleton Group showed caution in stock ordering for the caravan and motorhome business during the year, which reflected in the reduction in turnover. "As we move out of uncertain times, The Hambleton Group is investing in the future of the caravan business with a major refurbishment and expansion plan for Teesside Caravans and Motorhomes."