£17m manufacturer embarks on Black Country expansion after funding deal

A £17m turnover textile manufacturer is embarking on further expansion in the Black Country after securing a new funding deal.

Jerseytex, which has seen sales triple in the last five years, has purchased a new 90,000 sq ft warehouse in Tipton to provide additional capacity to the business.

It has also used the financial support from Barclays to invest in a new digital stock inventory system. The barcoded system enables the firm to fulfil orders more quickly and accurately.   

The terms of the finance package have not been disclosed.

The family business was established in 1977 by Teja Singh. Today, the business employs 120 people and is managed by sons Bal and Pritpal. In addition to its Black Country manufacturing base and new warehouse, the firm also operates a dye house in Leicester.

Bal Sidhu, managing director of Jerseytex, said: “We have worked hard to grow the business and to open up new markets. We have also achieved growth by sourcing complimentary products from overseas and this year we expect our turnover to exceed £17m.”

Andy Perry, Relationship Director at Barclays, said: “The increase in sales have resulted in higher stock levels being carried by the business, which has been funded using our trade finance facilities.

“We were delighted to support the purchase of the new site which has enabled the business to restructure operations by centralising all stock into a single site, managed via barcoded digital stock inventory management systems. This will provide a great platform on which to continue grow the business in the future.”

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