Nick Goodway: Churchill China’s profit upgrade is a reminder to invest in homegrown successComments Off on Nick Goodway: Churchill China’s profit upgrade is a reminder to invest in homegrown success
As a proud son of the Potteries, I was more than happy to see a third annual profits upgrade from Churchill China last week.
Dating back to 1795, Churchill is one of the strongest UK manufacturers of ceramics for the catering industry, with its products found everywhere from Lord’s cricket ground to your local Wetherspoons.
Like the whole industry, it has seen its markets eaten into by cheaper foreign imports in recent decades but more recently has enjoyed a swing back to demand for higher-quality, home-grown crockery.
It has also been a beneficiary of the Twitter campaign against using the likes of slates or wooden boards for serving food, spearheaded by @wewantplates.
Churchill shares, still 30%-owned by the Roper family, have risen 170% since the start of 2013.
Neighbour and not-quite-rival potter Portmeirion has seen its shares gain 78% over the same period
Both are comfortably market-beating performances that serve as a reminder it’s always worth checking what’s on your own doorstep when it comes to investing.
Or if you can’t be bothered to do that, buy yourself some Churchill shares next Christmas just in time for the traditional January upgrade.