Hull-based family-run firm Rix Group has reported an 8% rise in revenue to £574.7m for 2025, alongside a return to operating profit of £3.7m, compared with an operating loss of £1.6m the previous year. Pre-tax profits surged 92% to £4.62m, according to newly filed accounts for the Humber Quays-based group.
Workforce and acquisition boost
The group, which employs more than 900 staff and traces its roots back over 150 years, saw its workforce expand from 899 to 937 employees over the period. The uplift was largely attributed to the acquisition of Northamptonshire-based Prestige Homeseeker Park and Leisure Homes Limited in 2024, which contributed approximately £27.3m to the group's top line.
Rix's own static caravan and lodge manufacturer, Victory Leisure Homes, also enjoyed a stronger trading period following a difficult 2024, with turnover climbing to £62.5m from £27.5m. Operating losses at the division narrowed to £1.3m from £7.6m.
Divisional performance
James Doyle, the group's managing director, said: "Following the challenging market conditions of 2024, our holiday home and lodge manufacturing business Victory Leisure Homes delivered a significant improvement in trading performance during 2025 as demand and production levels recovered. Despite some challenging trading conditions including economic uncertainty, elevated interest rates and ongoing cost of living pressures, the business performed above expectations by remaining focused on improving operational efficiency, controlling costs and strengthening customer and supplier relationships."
The group's fuel supply arm, Rix Petroleum, recorded a rise in sales from £397.5m to £402.2m. Its maritime bunkering division, which provides fuel to shipping vessels, posted a modest upturn in turnover from £42.2m to £43.3m.
Challenges and strategic repositioning
However, Rix Shipping, which operates a fleet of windfarm workboats, tankers and barges out of Hull and Montrose in Scotland, experienced a decline in revenues, falling from £9.3m in 2024 to £8.3m last year, attributed to a reduction in wind farm construction activity.
Within Rix's motoring division, encompassing commercial vehicle dealer Jordan and Company, vehicle conversion specialist Victory Conversions, and the group's motorhome and campervan operation, turnover dropped from £36.7m in 2024 to £28.5m last year, though operating losses narrowed considerably, reducing from £500,000 to £100,000. This followed a strategic repositioning of the division in 2024, which included the withdrawal from passenger vehicle sales.
Mr Doyle commented: "Our 2025 financial results represented the type of steady progress that has underpinned The Rix Group's success for 150 years."
He further explained that the group's approach centres on ploughing profits back into its current operations while acquiring businesses aligned with its long-term goals. Mr Doyle continued: "Our ongoing success is built on the dedication, talent and commitment of our people. Across the Group, our core values provide the foundation for a culture in which individuals are trusted, supported and encouraged to develop, enabling them to thrive and contribute to the long-term success of the business."
