Bosses at the 937-strong group say they will continue to reinvest profits
James Doyle, managing director of The Rix Group.(Image: The Rix Group)
Historic family-owned business Rix Group has hailed its “steady progress” after growing revenue and profits. The diverse Hull-based group which includes the supply of shipping fuel, property and vehicle conversions for emergency services, among other businesses, employs more than 900 people and traces its roots back more than 150 years.
New accounts for the Humber Quays-based group show revenue grew 8% to £574.7m in 2025, as it returned to an operating profit of £3.7m, compared with an operating loss of £1.6m the year before. Meanwhile pre-tax profits jumped 92%, reaching £4.62m. Staff numbers increased over the year from 899 to 937.
The growth was chalked up to Rix’s purchase of Northamptonshire-based Prestige Homeseeker Park & Leisure Homes Limited in 2024 which added about £27.3m to the group’s top line. Rix’s own maker of static caravans and lodges – Victory Leisure Homes – saw improved trading, after a challenging 2024, with its turnover rising to £62.5m from £27.5m.
Operating losses there reduced to £1.3m from £7.6m. Despite the pick-up, Rix bosses said the wider leisure market remained difficult with higher interest rates, costs pressures and economic uncertainty continuing to influence customer demand.
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 business, Rix Petroleum, saw sales increase from £397.5m to £402.2m. And its maritime bunkering division – which supplies fuel to shipping vessels – saw a slight increase in turnover to £42.2m to £43.3m, while Rix Shipping, which operates a fleet of windfarm workboats, tankers and barges out of Hull and Montrose in Scotland, saw a dip in sales, down from £9.3m in 2024 to £8.3m last year, due to fewer wind farm construction projects.
In Rix’s motoring business – which includes commercial vehicle dealer Jordan & Company, vehicle conversion specialist Victory Conversions, and the Group’s motorhome and campervan business, saw turnover fall from £36.7m in 2024 to £28.5m last year as operating losses reduced to £100,000 from £500,000. That followed a repositioning of the division in 2024 which included stopping passenger vehicle sales.
Mr Doyle said: “Our 2025 financial results represented the type of steady progress that has underpinned The Rix Group’s success for 150 years.”
He also said that the group’s strategy is to continue reinvesting profits into its existing businesses and buying other firms that fit with long-term objectives.
Mr Doyle added: “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.”
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