Corporate retailer set to double turnover to £6m
A BUSINESS that went into administration in 2011 has turned it around, and is looking to double turnover this year.
Leeds company The Business Wear Company, which supplies Jet2, Transdev and Bovis Homes, grew by 42% last year.
It is predicting sales near the £6m mark this year after securing two major contracts, The business saw revenues of £2.7m in 2015.
To aid in their expansion, Finance Yorkshire has given them a £60,000 business loan to support ecommerce and warehousing projects.
The Business Wear Company was bought out of administration in 2011 by industry veteran Nick Atkinson and Swedish clothing maker Gote David, the Business Wear Company turned over £2.7m last year.
Mr Atkinson undertook an MBO at London-based Prima Corporate in 1999. He then went on to sell it to 2005 to listed company Alexandra for just under £4m.
The move saved 20 jobs, and the company now has 34 employees
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.”
