Upbeat Oliver Bonas bags £9m profit

Painful increases to household bills did not deter shoppers from splashing their cash at Oliver Bonas last year.

Sales topped £115m for the year to December 31, Companies House accounts reveal. This helped the retailer – which sells jewellery, stationery and fashion – achieve profits of £9m.

Sales ‘remained resilient’ and this year ‘things are slightly brighter’ as inflation has eased, the firm said. 

The middle class favourite now has more than 80 stores across the UK and Ireland.

It opened eight last year as well as ‘dramatically’ increasing two others.

Resilient: Oliver Bonas – which sells jewellery, stationery and fashion – made profits of £9m

Oliver Bonas was founded by ‘Olly’ Tress, who turned gifts for his friends from his travels abroad into a business. The first store opened in 1993.

Tress has three children with Gina Coladangelo, who is now the partner of former health minister Matt Hancock.