EXCLUSIVE: Personal service helps George Pragnell double average transaction values

EXCLUSIVE: Personal service helps George Pragnell double average transaction values

Turnover at Stratford-upon-Avon’s iconic jeweller George Pragnell has doubled in the six years since current managing director Charlie Pragnell took over control of the family business from his father, but the number of units sold across jewellery and watches has barely changed in 30 years. Mr Pragnell became managing director of the business in 2010, but says that the hand-over from his father Jeremy took two years. Turnover in 2012 was £17 million and operating profit of £1.7 million Five years later sales  in 2017 more than doubled to £36.8 million with operating profit of £4 million. Stock held by George Pragnell Ltd has risen in value from £12.4 million in 2012 to £22.6 million last year. George Pragnell now owns Tarratt Jewellers in Leicester and Rugby, a business that also stocks Patek Philippe and Rolex It also opened a showroom in London’s Mayfair last year, around the corner from a town house on. Source

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