Profit Track 100

Sherman Cooper designs and makes shirts worn by pop stars such as Noel Gallagher of Oasis. The company rose from the ashes of receivership to become the UK’s fifth best-selling clothing brand after a management buyout in 1993 led by chief executive Bill Walker and backed by venture capitalists 3i. Ulster-based Sherman Cooper reduced costs by cutting local staff and shifting production offshore to Asia. It rid itself of old and underperforming lines and worked hard to refocus the brand. It has seen profits grow by 85% pa, from £2.3m in 1996 to £14.5m in 1999. Sales have grown by 48% pa in the same period to reach £78.5m.

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Company details
Year2000
Rank16
CompanySherman Cooper
ActivityClothing designer
LocationNorthern Ireland
Annual profit growth84.75%
Latest profits £000s14,472
Latest sales £000s78,471
Staff393
Founded1993
Websitewww.bensherman.co.uk

If applicable:

* supplied by company † annualised figure