Holiday home market revival helps Rix Group’s profits rise 92 per cent
The Rix Group delivered an increase in profits and revenue over the last financial year, after its performance was boosted by a major acquisition and the revival of the holiday home market.
The Hull business reported revenue growth of eight per cent to £574.7m for the year ending 31 December 2025 up from £531.4m in the same period last year.
The business also reported a 92 per cent increase in pre-tax profits in the same period, which reached £4.62m.
Group Managing Director, James Doyle, said the performance reflected continued strategic progress across the group, including successful acquisition integration and improved trading performance in several key businesses.
He added: “Our 2025 financial results represented the type of steady progress that has underpinned The Rix Group’s success for 150 years.”
Victory Leisure Homes, The Rix Group’s holiday home and lodge manufacturer, saw sales increase from £27.5m in 2024 to £62.5m last year as demand started to come back into the market.
Group performance was also bolstered by the integration of Prestige Homeseeker Park & Leisure Homes Ltd – acquired by the Rix Group in 2024 – which added £27.3m to the overall top line.
Mr Doyle, who described the performance as encouraging, added: “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.”
Fuel supply business, Rix Petroleum, reported an increase in sales from £397.5m to £402.2m, and in October 2025, completed the acquisition of Teesside-based AR Fuels to widen its geographical footprint.
Maritime Bunkering, which supplies marine fuels to shipping vessels throughout the UK, increased turnover slightly from £42.2m to £43.3m.
Rix Shipping, which operates a fleet of windfarm workboats, tankers and barges out of Hull and Montrose in Angus, saw a slight dip in sales, down from £9.3m in 2024 to £8.3m last year, due to reduced activity in the windfarm sector.
The group’s motor division, which includes commercial vehicle dealer Jordan & Company, vehicle conversion specialist Victory Conversions, and the group’s motorhome and campervan business, saw a reduction in turnover from £36.7m in 2024 to £28.5m last year.
A spokesman said the performance followed a strategic repositioning of the business, including the termination of passenger vehicle sales, leading to lower overall levels of activity. Despite this, the division delivered improved gross margins and reduced operating losses.