Company behind Fraser Hart and Fields gets back in the black

The Anthony Nicholas Group, the company which owns Fraser Hart in the UK and Fields in Ireland, is back to returning a profit, according to its latest financial results.

As reported by the Irish Independent, the watch and jewellery retailer made a profit of £153,000 in the 12 months to the end of June 2025.

This was welcome news after a loss of £559,000 the year before.

The accounts show that turnover remained flat at £57.7m, with £26.8m of that revenue generated in Ireland.

For the remaining £35m of revenue generated by Fraser Hart in the UK, which was also unchanged on the 2024 period, the business was hit by restructuring costs of £120,000.

It meant that Anthony Nicholas reported EBITDA of £2.1m, up from £1.7m in the previous financial year.

Reflecting on the performance, the directors’ statement reads: “Trading conditions in the UK have shown early signs of improvement compared with the prior year, while the market in Ireland has continued to perform strongly, supported by the successful opening of a new store.

“The board anticipates that the overall UK conditions will remain relatively subdued in the medium term and, in response, has maintained appropriate controls over capital expenditure and continue to monitor the group’s cost base.”

Fields acquired Fraser Hart, which now has 22 stores across the UK, in 2007.