Tailor sews up expansion deal with support of six-figure funding package
North Yorkshire tailor Dandy Threads is set to open a new headquarters with support from HSBC UK.
The family-owned business has purchased a disused bank building in Guisborough using a £120,000 funding package from HSBC UK.
Once refurbished, the site will open under the name of ‘Langley House’ and serve as Dandy Threads’ new headquarters.
The father-and-son-run tailors currently operates out of three separate buildings.
It has seen a 300% increase in turnover since the pandemic, fuelled by word-of-mouth and a boost in tailored and vintage attire thanks to the popularity of period dramas, such as Peaky Blinders.
The new headquarters will bring all three branches of the business under one roof. This will aid the company’s founder, Derrick Langley, to oversee operations more easily, enhancing efficiency and productivity.
Last month, the tailors produced clothing for over 100 weddings. The business expects the new location will enable it to serve many more in the months to come.
The new site will also support Dandy Threads’ transition to factory-scale manufacturing, enabling the business to train more tailors and refine the skills of all workers.
Derrick Langley, founder of the company, said: “I’m very excited to open our new headquarters in Guisborough and extremely proud of what we have achieved.
“My son has created countless bespoke designs and helped to ensure thousands of grooms look the part. We’re excited to see what the rest of our talented workers can achieve once we are all under one roof.”
Tracey Smallwood, relationship manager at HSBC UK, added: “Dandy Threads has experienced rapid growth over the last few years and, as the trend in formal attire shows no signs of slowing down, it made sense to move the business’s operations to one site.
“The creative designs of Dandy Threads are loved by many and we look forward to seeing what the business’s can achieve.”
Derrick Langley and his son Nicholas Harvey-James, founded Dandy Threads in 2016. The firm was born out of a family love for vintage fashion and a desire to provide a high-quality service to customers.
