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Losses mount at luxury label Temperley London

Lauretta Roberts
08 January 2019

Losses have continued to mount at luxury label Temperley London despite the label despite an almost £1.8m boost from investors and rising sales.

In its latest accounts filed at Companies House, the brand led by designer Alice Temperley, made a pre-tax loss of £1.7m in the year to 31 December 2017. Sales were up 4% to £11.3m and gross margin was by six percentage points to 51%.

The numbers prompted auditors RSM to issue a warning on its accounts stating RSM warned that the company's £1.4 m in operating losses and net liabilities “indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern”.

However the company insists it now has the right operational structure in place and is focused on building its wholesale business. Last autumn it appointed a new CEO Sally Hughes, a former marketing head at Net-A-Porter and UK general manager of Glossier.

Temperley is sold thorough two standalone stores in London and at high-end multi brand retailers such as and It also creates an accessibly priced line for John Lewis called Somerset.

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