Profits soar at clothing manufacturer

23 May 2019

Profits have soared at a Macclesfield-headquartered manufacturer of branded consumer clothing, which is now looking to expand its operations in both the UK and Germany.

Bollin Group is behind a number of well-known brands including Bridgedale, Mountain Equipment, Sprayway and Ronhill. It operates internationally.

For the year to 31 December 2018, the company reported turnover of £76.1m compared to £72.8m the previous 12 months. Of this total, £53.5m was from the UK and £22.6m was from overseas.

Pre-tax profits were up from £938,000 to £3.32m.

The group continued to develop its portfolio of branded distribution agreements during the year, notable extensions to this being Brightboot. It also noted that it would "continue to look for strategic acquisitions to integrate into its existing operations".

Elsewhere, Bollin increased its investment into the development of brands and is also looking at further warehouse capacity in both the UK and Germany.

Looking ahead, the company expressed concern around Brexit, given its strong overseas presence.

"As at the date of signing (26 April), the single largest uncertainty to future trade is the effect of the UK Brexit negotiations with the European Community and the future access to the single market," it said. "This has, in the directors' opinion, increased the volatility and uncertainty of markets which may impact on consumer confidence and demand at some point in the future as well as impacting margins as mentioned above.

"The effect of leaving the common market and duties being introduced may further impact the business.

"To date market volumes have not been impacted but the directors remain cautious about the medium-term outlook for consumer confidence. The new environment will create a challenge that needs to be met through future negotiated purchasing and pricing arrangements."

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