19:59 Thursday 13 February 2014

Profit boost for logistic firm using 'The Duke'

Written byROB SMYTH

THE firm that is orchestrating a new hub for a world renowned clothing brand in Burton has said its move to the town has helped bolster its profits.

Clipper Logistics, which runs a mammoth warehouse, dubbed ‘The Duke’ in Centrum 100, on behalf of fashion giant SuperGroup, has announced the increase and expects its move to Burton to help boost figures even more in the future.

The firm is employing around 200 people and the site is expected to be fully operational by April.

In the year to April 20 2013, Clipper upped pre-tax profits from £4.1 million to £4.6 million on sales which dropped from £174.9 million to £166.1 million.

UK revenue in Clipper’s value-added logistics division increased by 7 per cent to £88.6 million.

SuperGroup decided to move its distribution operation from two bases in Gloucestershire to the ultramodern building with 500,000 sq ft of capacity last year.

The warehouse cost a cool £18.1 million with the site now owned by Segro and the warehouse occupied by Clipper Logistics on a 10 year lease.

Julian Dunkerton, chief executive of SuperGroup, said: “We are a very fast-growing company with global ambition and in a highly competitive market we need to plan for the future.

“To meet our ambition we require substantially increased capacity to enable us to continue to grow and to compete on the world stage.

“We are delighted to be coming to the Duke in Burton.”

‘The Duke’ had stood empty since it was built in 2009, covers more than 300,000 sq ft and is estimated to have an annual rent of nearly £1.5 million.

Dozens of people have already been taken on and there is still a requirement for many more staff.

< Back
Reddit Facebook Digg Del.icio.us Twitter Bebo

Latest News

Latest Sport

Today's Features