L-R: HSBC UK's Tom Sproson with Perry's Joshua Field, Bernard Bunting, Sven Tut and Awais Azam
A Leeds-based school and club uniform company is set for growth with the backing of a six-figure funding package from HSBC UK.
Perry Uniform, established in 1946, manufactures and sells distinctive bespoke uniforms to prestigious schools and formalwear for universities and sports clubs in the UK, US and Australasia, including the University of Cambridge. To meet sustained demand for its products, the business has used HSBC UK’s funding to scale up its workforce through an apprenticeship programme in association with Keighley College. As a result, Perry will create six new roles for apprenticeship machinists over the next 12 months at its 35,000 sq. ft. factory in Armley.
The funding will also allow the business to overcome the cash flow challenge of expanding in a highly seasonal market, where manufacturing takes place throughout the year before stock is converted into sales at the start of each academic year.
Perry anticipates it will increase production by 35% over the next 12 months and the business is projecting that turnover will grow by £1m over the next 15 months.
Bernard Bunting, managing director, Perry Uniform, said:
“We’re extremely proud of our manufacturing heritage and we’re committed to retaining and developing traditional skills in Leeds. Looking to the future, it is HSBC UK’s financial backing that will allow us to cover the upfront manufacturing costs unique to our business model and support our apprenticeship programme. The programme is not only crucial to our future growth but also gives local youngsters the chance to learn a trade for life from our master tailors and machinists.”
Tom Sproson, business banking relationship directorship for North & West Yorkshire, HSBC UK, said:
“We have a long-term relationship with Perry after funding the business’ expansion in 2013. Manufacturing is a critical part of West Yorkshire’s economy so we are delighted to be part of the apprenticeship development programme and Perry Uniform’s continued growth.”
Perry manufactures all its blazers and coats at its Armley factory using cloth woven in West Yorkshire, before being processed through a barcoded warehouse. The business sells to a global customer base via an online retail platform, alongside three showrooms in Knightsbridge, London. It employs 46 people and had sales worth £5m in 2018.
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