Norton in profit ahead of Homebase rescue

THE retail empire that includes The Range and Wilko has swung back into profit ahead of rescuing the Homebase brand, it has emerged.

- JON ROBINSON

Chris Dawson's Norton Group Holdings has recorded a pretax profit of £10.5m for the year to February 2, 2025, fresh accounts lodged with Companies House reveal.

The figure follows the group’s pretax loss of £14m during the previous 12 months.

Meanwhile, its turnover climbed from £1.29bn to £1.47bn.

The Plymouth-based retailer salvaged the Wilko brand in September 2023 following a deal to acquire its website and selectively stock and retail some of its products.

The group made headlines once more when it purchased part of DIY retailer Homebase from administration in late 2024.