Pragnell reports record turnover but falling operating profit

Pragnell’s parent company George Pragnell Limited has published its accounts for the year ending 31 May 2025.

The company saw record sales for this period of £100,523,107, helped in large part by the fact that it is both a Rolex and Patek Philippe authorised dealer.

On a less positive note, operating profit was £8,013,880, down over 10% year-on-year. The company attributes this to the significant increase in overheads, up from £11,812,411 to £13,011,615, which it says is largely the result of higher wages and salaries.

Overall, the report said that “the directors are satisfied with the performance of the group.”