Brexit boost brings record results at David Nieper

David Nieper, the Derbyshire fashionwear manufacturer, has posted another set of record results for the year-ending 31 March, putting the performance down to a renewed appetite for British goods, post-Brexit vote.

It is the second year in succession that the company has posted record results.

The firm turned over £16.9m over the year – a surge of £2m on the previous year. Profits also rose sharply, up from just under £1m in 2016 to £2.7m last year.

A statement accompanying its results read: “The company has benfitted from a more competitive GBP and enhanced appetite for ‘British designed and British made’ following the Brexit referendum. Financial performance has been the strongest in the company’s history. Further investment has been made to improve productivity and expand production space to meet record demand.”

In February last year, David Nieper said it was set to create 25 new jobs over the next two years after landing a grant of £100,000 from the Derby Enterprise Growth Fund (DEGF).

The company said it would use the grant to support The David Nieper Sewing Academy to train recruits.

The family-owned business has been manufacturing ladies fashions from its factory in Alfreton for over 55 years. The firm currently employs around 250 staff and retail to customers around the world.