Aspinal of London had a relatively good year in the 12 months to the end of March 2025 with its latest set of accounts showing rising sales and improved profitability.

Turnover reached £45.24 million, up from £38.56 million a year earlier and gross profit was £27.45 million, up from £23.24 million. That led to adjusted EBITDA rising 15.1% to £6.1 million. The company invested much more heavily in marketing as it “seeded” new international operating markets and this dented profits to a certain extent.

Operating profit before non-recurring items was £4.8 million, up from £3.9 million, but taking one-offs into account, it jumped to £8.54 million from £3.3 million and profit before tax leapt to £7.148 million from £1.4 million. Net profit was a healthy £6.355 million, up from a little under a million last time.

The luxury leathergoods business is clearly on the right track as it focuses on e-commerce at home and abroad and it’s continuing this strategy during the current year (FY26). It’s also investing in its supply chain, in product development, merchandising, customer service and digital marketing, while continuing to monitor the situation in the US where tariffs are causing headaches for multiple UK businesses.

But overall it said it’s confident and optimistic about the outlook. 

The brand has certainly enjoyed a higher profile in the past year as the Spencer sisters have fronted its campaigns and focused a lot of attention on its products.