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IPMI and Industry News: Silver Market News

Silver Specialist Buoyed by Record Results

Thursday, October 8, 2020   (0 Comments)
Posted by: Matt Watson
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Silver specialist buoyed by record results


A Kirkby-headquartered manufacturer of silver nitrate and oxide has been buoyed by its best ever financial performance and is eyeing further success going into 2021.

Ames Goldsmith UK is headquartered on Knowsley Industrial Estate.

Its plant has been in continuous operation as a silver refiner and fabricator for nearly 150 years.

Today, it is one of the largest such companies in the world, supplying the electronics, medical, photographic, mirror, water treatment and catalyst industries.

For the year to 30 June 2020, Ames Goldsmith UK reported turnover of £67.6m compared to £58.1m the prior period. Sales growth was reported across both new and existing customers.

Pre-tax profits were up from £282,691 to £1.9m.

Wayne Thornhill, European sales manager at Ames Goldsmith UK, told Insider: "The company had a fantastic financial year 2019/20 despite the potential pitfalls of a looming Brexit and the Covid-19 pandemic.

"This is mainly down to the hard work and flexibility of the dedicated team working in our Liverpool manufacturing site.

"Our thorough preparation to safeguard against a no-deal Brexit and our communication with our customers, who are mainly European manufacturers, has helped us retain and even grow our market share over the last year.

"Our production staff have performed above and beyond when it came to meeting the challenge of additional workload and changes in shifts to accommodate social distancing which has helped us to maintain supply without disruption."

Thornhill added: "Growth in the market through diversification of our portfolio, gaining additional business at new and existing customers and offering unparalleled levels of customer support has made Ames Goldsmith UK a great success over the last financial year and we are hoping to repeat this success going into 2021."

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