Precious metals firm Metalor grows turnover 39 per cent

Metalor Technologies (UK), a Birmingham company that buys and sells precious metals, has increased its turnover by 39 per cent, according to its latest accounts.

Turnover rose to 251.4 million pounds in the year to 31 December 2025, up from 180.8 million pounds the year before. Pre-tax profit rose by 41.6 per cent, from 2.1 million pounds to 2.9 million pounds.

The company said it had seen stronger sales across several parts of its business.

Part of a Swiss group

Metalor Technologies (UK) is wholly owned by Metalor Technologies International, which is based in Switzerland. The group refines precious metals such as gold, silver, platinum and palladium, and supplies them to industry, including jewellers and electronics manufacturers.

Rising gold prices

Turnover in the precious metals trade is closely linked to the prices of the metals themselves. Gold has reached record highs over the past two years as investors looked for safe places to put their money during periods of uncertainty, which can push up the value of sales even when the volumes traded do not change much.

A city built on metal

Birmingham has a long history of working with precious metals. The Jewellery Quarter, just north of the city centre, has been home to jewellers and metalworkers for more than 250 years, and is still said to make a large share of the jewellery produced in the UK.

The Birmingham Assay Office, founded in 1773, tests and hallmarks gold, silver, platinum and palladium items to guarantee their quality. It is one of four assay offices remaining in the UK, and its anchor mark is recognised around the world.

The wider trade

Recycling of precious metals from old jewellery, electronics and industrial waste has become increasingly important, and refiners play a central part in getting those metals back into use.