Incorporatewear Ltd, the UK’s premier corporate clothing supplier, has recently released its results for the financial year 2010/11. These show an increase in turnover of nearly 20% to £12.6 mn and an operating profit of £0.3 mn, or a 2.3% return on sales.
“The last year has been extraordinarily challenging for the entire corporate clothing sector.” notes Chris Wood, Incorporatewear’s Managing Director, “Nonetheless, Incorporatewear has subtly adapted its business model in order to secure its market position and to continue to provide an appropriately high level of service.”
The costs of supplying corporatewear have risen considerably in the previous 18 months through a combination of global commodity price increases and changes to operational wage levels, particularly in the Far East.
“Incorporatewear has grown through the recent implementation of new accounts with Thomas Cook, easyJet and Virgin Atlantic.” explains Chris. “Importantly too, however, we’ve managed to retain all of our established clients who have provided the company with magnificent support over the last year. As such, I’d like to thank them all for helping Incorporatewear meet the economic challenges of today and ensuring our continued ability to provide a service which we believe is second to none.”
Incorporatewear entered 2011/12 with roll-out activity to such diverse clients as Beaverbrooks the Jewellers, HSBC Bank and Metroline and is looking forward to another year of robust trading.
To find out more about Incorporatewear, call 0844 257 0530
