Losses narrowed for stamps, coins and medals business Stanley Gibbons in the six months to September 30, writes Laura Chesters.
The group, which runs philately auctioneer-dealer Stanley Gibbons, numismatic dealership Baldwin’s and auction joint venture Baldwin’s of St James’s, has been on a cost-cutting drive under the chairmanship of Harry Wilson who joined in 2016.
He said: “It is now 20 months since the refinancing. I am pleased to say that these are the first results which clearly show the progress which is being made. Of particular note… [is the] 72% [loss] reduction.”