Revenue at leading Pendle retailer Boundary Mill Stores has passed the £30m mark with further growth expected in the coming year.
The group sells branded goods from its flagship outlet in Colne as well as four other locations across the country.
Libra Textiles Ltd, which trades as Boundary Mill, posted a turnover of £31.6m for the year to January 31st, up from £28.5m for the same period last year. Pre-tax profit rose slightly from £2.6m in 2012/13 to £2.7m.
Boundary Mill was founded in 1983 and, as well as its Colne site, has stores in Grantham, Newcastle, Sheffield and Walsall.
In the directors’ report, the company said: “The turnover of the company has increased on the previous year by 11 per cent and gross profit percentage has remained relatively consistent.
“The directors are pleased to see this growth and budgets prepared for the year to January, 2015 suggest that, with the careful management of overheads, this trend will result in a continued growth in profitability.”
The majority of Boundary Mill’s turnover comes from concession commission, with the business selling brands such as Jaeger, Craghoppers, Hush Puppies and Radley.
The group employs almost 850 staff across all its stores.