Annual Results for year to 31 March 2020 – 30 July 2020

This report covers the audited results for the year ended 31 March 2020 for The Stanley Gibbons Group plc (“the Group” or “the Company”). Due to the COVID-19 virus lockdown commencing in late March 2020, this report includes significantly more comment than usual on post year-end matters which have clearly had a major impact on our business in recent months.

The last financial year has been mostly about continuing to implement the “rebuild” strategy commenced in 2018 following the financial restructuring of the Group. I am pleased to say that the results show a progressive improvement while at the same time we have widened our customer base as confidence in the Group has grown.

Over the last year we have invested significantly in “improvements” particularly the complete refurbishment of the Strand shop and our IT services. We still have much to do to achieve sustainable profitability but the foundations are now in place.

Over the last year, sales have been affected by…