Executive Summary

Abbeycrest is a UK based company involved in the design, manufacture and distribution of fine gold and gem set jewelry.  The company primarily operates in the UK but has supply operations in Thailand and Hong Kong. Customers range from major UK high street retailers through to single bespoke high-end pieces of jewellery made for individual customers. The Company has c. 1000 employees.

 

In the year ended February 2008, the company recorded revenues of £61.9m and made an operating loss of £1.1m.[1]

Company History

  • Abbeycrest was established in 1979 by Michael Lever and Peter Rosenberg.
  • In 1985 it joined the Unlisted Securities Market, achieving a full listing in 1988.
  • In 1989, Abbeycrest moved into gemset jewellery with the acquisition of a Birmingham based manufacturer, Gallery Jewellers Limited. Next came the acquisition of Thai manufacturer Essex International pcl and the establishment of a new company Dynamic Creations Limited in Hong Kong.
  • Further domestic acquisitions include, in early 2001 - Brown & Newirth Limited , a leading manufacturer in the highly specialised area of wedding rings.
  • February 2003 saw the launch of Abbeycrest Thailand Limited, with the opening of a purpose built £2m factory in Lamphun.

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