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Exceptional financial results announced at British Allied Trades’ Federation AGM

22 June 2015

In her annual report, BATF President, Kate Owen said: “Firstly I am delighted to highlight the exceptional financial results for 2014.  With a post-tax profit of £236k and assets of over £11m the remit of the Board back in 2012 to improve the financial efficiency of the organisation has produced a super result.”

The year 2014/15 was, Kate said, ‘busy to say the least’ with every part of the Federation being subject to change and reorganisation.  “Our 114 years of mutual trade support would not continue if we did not regularly readdress our goals and working methods,” she said.

Speaking about the proposed merger of the British Jewellers’ Association with the National Association of Goldsmiths, Kate said “The BJA and the NAG each have different strengths particularly in the areas of industry education and training.  We feel that the resulting new Association, the National Association of Jewellers, will be stronger than the sum of its two parts.  The merger will be beneficial to the industry and to the Federation. We will be proud to have this new addition.” 

Since the AGM took place members of The BJA and NAG have voted to ratify the unification and work will now proceed with the formation of the new National Association of Jewellers which once it is complete will bring membership of the Federation to more than 2,500 businesses.

Looking to the future Kate said BATF would concentrate on the regeneration of its central office, its facilities and systems. 

Kate’s address was followed by short reports from some of the Chairmen of the individual trade Associations within the Federation during the past year.

These were followed by the keynote presentation from Stella Layton, Chief Executive and Assay Master of the Birmingham Assay Office, of which many BATF members use services such as assaying and product testing through its Laboratory section. Stella gave an interesting insight into the Assay Office’s long history, the development of its new premises and the growth in its product testing capabilities. 

Exceptional financial results announced at British Allied Trades’ Federation AGM

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