Finance

Revenue passes £20m as losses slashed at Team GB uniform supplier

Revenue passed the £20m mark and pre-tax losses were slashed at the uniform company which supplies the likes of Team GB, Pets at Home and the NHS and is owned by a co-founder of Carphone Warehouse.

Simon Jersey, which is headquartered in Cheadle Hulme, Stockport, has reported a revenue of £20.6m for the 12 months to December 31, 2020, up from the £18.8m it achieved during prior year.

Its pre-tax losses were also cut from £3.3m to £1.1m over the same period.

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The company recently supplied the official formalwear to Team GB for its third consecutive Olympic Games.

The business, which was founded in 1971, manufactures more than two million garments under the Simon Jersey brand every year.

As well as providing formalwear for Team GB, Simon Jersey also works with businesses of all sizes from small independent companies to large global brands. Clients include Ladbrokes, the NHS, Hilton and Pets at Home.

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Simon Jersey was acquired in 2014 by David Ross, who founded Carphone Warehouse with Charles Dunstone and Guy Johnson.

A statement signed off by the board said: “Despite Covid-19, the business has seen a number of significant tender successes and continued to develop its digital capability across all functions.

“A warehouse management system was implemented during 2020 and by the end of the year this allowed the management team to drive operational efficiencies in the UK warehouse.

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“Work continues into 2021 to focus on further improvements in the warehouse in Altham, Lancashire, a facility which is shared with our sister company, Ballycare Ltd.

“The business is actively growing accounts and looking to increase UK market share and improve margins.

“The business is increasing its investment in its digital infrastructure to continue to improve customer experience on the websites.

“Improvements are also planned for customer services, product development, supply chain and our warehousing capability.”

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