TH March grew profits and turnover in run-up to EOT

The near two-thirds hike in post-tax profit was mirrored in operating profit, which rose from £648,000 to £1.07m in the year ended 31 March 2025.

The profitability increases came as turnover rose 4% to £11.1m, having broken through the £10m barrier in the prior year.

The insurance of jewellery and high-value items has long been a speciality of the group, with retail, wholesale and manufacturing jewellers comprising a significant part of its client base.

The Top 100 UK Broker also provides insurance broking services to households and consumers as well as to general commercial clients.

Income

A filing at Companies House showed gross premium income increased year-on-year by 5.7% to £42.7m.

According to TH March, its success “relies heavily” on the “quality, capability and high level service provided by its staff”.

During the financial year, the headcount increased by six to 122.

In the document, the directors reported that the firm’s portfolio of markets served and services carried out had continued to stand it in good stead.

“The group continues to benefit from its niche focus on the jewellery trade and its strong market position in this sector, together with high levels of client retention and strong relationships with insurers,” they continued.

“Customer service and professionalism lie at the heart of what the group does as a broker, and providing this to the group’s customers remains essential.”

Future

Looking to the future, the leaders detailed that services to the jewellery trade will remain the primary focus area over the coming financial year.

Adding: “The group continues to seek growth from other areas of the business, capitalising on its branch network and opportunities for cross-selling.”

The directors listed these will include specialist areas of personal and household insurance, customer jewellery insurance schemes, general commercial insurance and protection policies.

“Markets are expected to remain competitive, although the outlook for the group remains positive,” the directors summed up.

EOT

As previously reported, after the end of the financial year, on 16 April 2025, TH March & Co became owned by The TH March Employee Ownership Trust.

“This strategic move secures the company’s long-term independence and recognises the invaluable contributions of its employees to its continued success,” the latest Companies House filing assessed.

When the switch was announced, the business flagged the move as aligned with its “ethos of trust, integrity, and sustainability, fostering a culture of shared responsibility and long-term stability”.

The firm, established in 1887, argued that employee ownership has been shown to drive engagement, productivity, and innovation, thereby creating a more resilient and customer-focused business.

And it stated that the development will enable staff to contribute to decision-making processes and benefit from long-term growth.

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