Oxford celebrates best ever half-year results

Oxford celebrates best ever half-year results


Wednesday, 31 July 2024
Oxford has been celebrating its best-ever start to a year, having posted record numbers for the first six months of 2024. 

Oxford’s Managing Director Henry Rivers Fletcher explains how the company’s successes in 2024 are much more than just sales-related:
 
“The story of 2024 is one of STABILITY. Gone are the violent ups and downs of recent years. Our sales this year have been much more consistent, our stock management much more accurate, our business practises more disciplined - all enabling us to run the business much more efficiently.”

Having celebrated early with a big summer party in June, the team got together again in July to welcome home their talismanic Chairman, Oxford’s founder Alec Hammond from his latest travels.
Hammond started the company in 1973, selling fibreglass top boxes from the back of a transit van. The company has ridden many storms over the years to become an incredible success story and now sells many thousands of products lines and boasts a turnover of nearly £50m. Hammond addressed a rapturous team, describing how the same grit and determination runs through the business today:
 
“Like most businesses in the UK, if not the world, we have experienced some challenging, unpredictable, stormy times since March 2020. But for those of us old enough to remember, there have always been challenges for the business. Recessions, political upheavals, energy crises, financial crashes.
 
We’ve seen them all, but always had the right people with the right ideas, the tenacity, the creativity and the sheer willpower to turn adversity into opportunity and opportunity into success. And that is what makes us what we are, our PEOPLE. So, expect to see continued investment this year and the coming years in YOU, our people."
Oxford is undertaking a programme of upgrades and investments this year, including: 
  • an expanded canteen at HQ.
  • a new dedicated helmet showroom, plus refurbished showrooms for Oxford’s ever-expanding range of motorcycle accessories and clothing.
  • an upgraded and refurbished Creative Content Centre, generating all the marketing assets which support the growth of the business.
  • new talent in almost every area of the business, to support an ambitious 5-year growth plan.
  • improved staff benefits, including subsidised private healthcare, more flexible holidays and increased professional development.  
This is just the start. With greater stability established, the company has the platform to deliver an ambitious plan for growth between now and 2030 – watch this space!