Bespoke project & install delivery — the active project book, completion, and where margin is slipping by house against plan.
7 active projects are delivering below target margin, putting £318k of profit at stake — recoverable while the work is still open. With 3 of 9 projects needing attention and £11.8m still to deliver, the fastest profit recovery is on work already won.
2 of 2 headline metrics improving vs prior · all on or above target
Renovation programme — fabrics is 80% complete at 49% vs a 56% target — £98k at stake that locks once it ships.
£11.8m of contracted value remains undelivered across 9 active projects at 45% average completion — revenue stays unrecognized until it ships.
Behind the £64.0m backlog sit live bespoke projects on the loom and in production. This view is where won work becomes delivered revenue — and where margin erodes in the making if a project runs long or scope creeps. 3 of 9 active projects need attention.
Margin shown as actual / target — red where the project is delivering below plan.
| Project | Customer | BU | Region | Value | Complete | Margin | Health |
|---|---|---|---|---|---|---|---|
| Flagship retail + residences — custom rugs | Peter Marino Architect (representative) | Custom Rugs | US West | £4.2m | 35% | 58% / 60% | On track |
| Property refresh — broadloom + custom rugs | Four Seasons (representative) | Carpet & Broadloom | US Southeast | £3.6m | 20% | 52% / 53% | On track |
| Resort openings — broadloom + hides | Aman Resorts (representative) | Furniture, Hides & Lighting | International | £2.4m | 60% | 50% / 52% | Watch |
| Hand-knotted silk commission — phase 2 | Confidential (HNW residence) | Custom Rugs | New York / Northeast | £2.2m | 15% | 60% / 61% | On track |
| Superyacht fit-out — silk rugs + leather | Yacht & aviation outfitters (representative) | Custom Rugs | UK & Europe | £1.9m | 25% | 59% / 60% | Watch |
| Hospitality fabric package | Studio Sofield (representative) | Fabrics & Textiles | New York / Northeast | £1.5m | 45% | 56% / 56% | On track |
| Renovation programme — fabrics | Mandarin Oriental (representative) | Fabrics & Textiles | International | £1.4m | 80% | 49% / 56% | At risk |
| Cross-house attach — fabric + wallcovering | Kelly Wearstler Studio (representative) | Wallcoverings & Trimmings | US West | £1.2m | 70% | 54% / 54% | On track |
| Diplomatic landmark — broadloom | Embassy / institutional (representative) | Carpet & Broadloom | New York / Northeast | £1.1m | 55% | 50% / 51% | On track |
The fastest profit recovery is on projects already won — tighten scope, change-orders and craft cost before they ship.
Act now: the Mandarin Oriental (representative) renovation programme — fabrics project is 80% complete at 49% vs a 56% target — recover via change-orders and craft-cost tightening before it ships, because once it ships the margin is locked.