Newcastle-based Mayborn Group saw a small rise in profits last year
The North East company behind some Tommee Tippee babies has moved back to profit after a small increase in profits.
Accounts for the Mayborn Group, which is based at Baliol Business Park in Newcastle, have been released for 2025 which show that profits have risen slightly to £156.2m. During the same period, last year’s operating loss of £73.6m was turned into an operating profit of £3.2m.
The directors said that trading in the first half of the year was subdued due to a combination of internal factors and broader macroeconomic pressures, but improved in the second half of the year. The company shows its investments in brands, product innovation, digital capabilities and talent, which it says are bearing fruit.
The account said: “This initiative has increased brand equity, strengthened market share in core categories, and positioned the group for continued growth. The directors are pleased with the overall performance of the group, which was delivered in the context of challenging market conditions. As the business continues to overcome the pressure of cross-border trade costs, especially group tariffs in the United States, this has been successfully reduced. diversified manufacturing and commercial footprint.
“Looking forward, the directors are confident that the actions taken during 2025 have laid a solid foundation for the future. The group is well positioned to expand market opportunities, drive continued revenue growth, and deliver long-term value to shareholders.
The director of the company said they are confident of future growth, and said they will continue to invest in research and development to ensure the business stays ahead of the competition. Last year, sales increased in the UK, Europe, Africa and the Middle East, but profits fell in the Americas and the Far East/Australia.
The number of company heads remains the same at 869, although fewer people work in production.
Mayborn Group CEO Stone Shi said: “2025 is an important year of progress for the Group. We generated profitable performance, strengthened margins and built positive momentum during the year. We continue to strengthen our brand and invest in innovation, with new product development that shows our focus on responding to the evolving needs of consumers and creating opportunities for future growth.
“At the same time, we maintain disciplined financial and operational management, generate strong cash flows, and maintain a strong balance sheet. While there is still more work to be done, the group enters the new financial year with positive momentum and a clear focus on strengthening the brand, accelerating innovation, developing an international presence and improving productivity and efficiency.”