Walker Greenbank is a luxury interior furnishings group combining specialist design skills with high-quality upstream manufacturing facilities. Leading brands include Harlequin, Sanderson, Morris & Co, Scion, Anthology, Zoffany and Clarke & Clarke.
In line with UK government coronavirus guidelines, Walker Greenbank temporarily closed both of its manufacturing facilities at the end of March and is undertaking a phased production restart in May. Standfast & Barracks (fabric printing) is already operational and Anstey (wallpaper printing) restarted during week commencing 25 May, initially to support customer orders and a new Zoffany collection launch respectively. The company’s business model is such that near-term activity levels can be re-built gradually. It may also support new business development in due course compared to overseas supply sources. No new financial information was provided ahead of the company’s scheduled FY20 results announcement on 30 June at which point activity levels during FY21 to date should also be disclosed. Apart from FY20, our estimates remain suspended at this time.
The UK interior furnishings industry has experienced uncertainty for many years. Many brands have failed to grow, while manufacture for the volume segment has largely moved overseas. Success continues to be delivered by businesses able to differentiate themselves from competition by consistently offering innovative and high-quality design and products.