Aga Rangemaster has persisted with workforce reductions whilst grappling with declining 海角视频 demand and bracing for escalating expenses resulting from US President Donald Trump's tariffs.
The enterprise, based near Nottingham, has announced price increases in a bid to counteract heightened tariff-related expenses, though their complete impact "remain highly uncertain," as reported by .
The firm witnessed a 12 per cent surge in US sales during 2024, reaching £6.1m, as disclosed in fresh Companies House filings, whilst 海角视频 turnover declined from £89.1m to £83.7m.
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The figures additionally demonstrate that Aga Rangemaster's workforce was further trimmed over the 12-month period to 607 employees.
Aga Rangemaster's staff numbers stood at 907 at the beginning of 2022, dropping to 836 by year-end before contracting further to 660 by early 2024.
The organisation's total turnover decreased during the year from £115.5m to £109.2m whilst pre-tax profits slipped from £8.3m to £8.1m.
Aga Rangemaster braces for tariffs hit
Regarding potential US tariff consequences, the business stated: "Our strong manufacturing footprint, combined with a global operating presence, position us well to navigate recent tariff-related challenges and provide us competitive advantages over the long term.
"At this time, tariff impacts remain highly uncertain, with initial estimates indicating an increase of our costs.
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"We expect to offset these increases through ongoing operating initiatives and pricing actions, with the benefits of these measures fully implemented by year end."
Aga Rangemaster further stated: "The company has been negatively impacted by inflation in wages, logistics, energy, raw materials and component costs.
"Price increases and pricing strategies have been implanted to mitigate the impact of cost inflation on margins and the company continues to actively monitor costs.
"High inflation led to high interest rates throughout 2024 and into the first six months of 2025, which combined with global macroeconomic uncertainty can impact customer demand.
"The company has faced recent demand headwinds. The company remains focused on delivering strong financial results and executing on our long-term strategy and profitability objectives."
Aga Rangemaster is a manufacturer of range cookers, kitchen appliances and interior furnishings.
The Middleby Corporation, based in the USA, owns the business.
Its brands include not only Aga and Rangemaster, but also La Cornue, Divertimenti, Fired Earth and Marvel.