Leeds-based The Business Wear Company, which supplies corporate wear to a raft of clients, grew by 42 per cent last year and is forecasting sales approaching £6 million in 2016, attracting a £60,000 Business Loan from Finance Yorkshire.
The investment will support a number of initiatives within the business, including IT improvements to enable online ordering, and additional warehouse facilities.
Bought out of administration in 2011 by industry veteran Nick Atkinson and Swedish clothing maker Gote David, the Business Wear Company turned over £2.7 million last year, and thanks to having recently secured two major contracts, is forecasting growth of up to 120 per cent in 2016.
Since the purchase of The Business Wear Company in 2011, in a move which saved more than 20 jobs, the management team has blazed a trail through the industry, securing contracts with big industry names, and focusing squarely on first class design, quality and service.
Two recently-won contracts with Compass and Ireland-based Noonan will see the firm, which now has a 34-strong workforce, supply tens of thousands of staff with corporate wear over three years.
Managing director Nick Atkinson said: “We focus on what’s important to each of our customers; namely great in-house design, excellent service and ultimately a high quality product. This approach has ensured consistent growth since 2011, and we’re grateful for Finance Yorkshire’s assistance in our continued success.”
Finance Yorkshire’s John Ellis said: “Thanks to the experience of a strong senior management team and the recently won contracts The Business Wear Company is now looking to a period of unparalleled growth. The figures speak for themselves, and we are delighted to support the business as it enjoys such a remarkable renaissance.”