Textile company tops £10m turnover | Northwest Business News



Whyte & Ivory, backed by Seneca Partners, achieved sales of £10m, while continuing its record year-on-year growth.

Whyte & Ivory, the textiles business based in Nelson, Lancashire, focuses on the wholesale of curtain fabrics and curtain linings, and has seen growth in its UK business. It exports a considerable part of its sales to the EU, and to Whyte & Ivory LLC, its subsidiary based in North Carolina.

Seneca investors, who own a 30% stake in the company, first invested in Whyte & Ivory in 2019 to help the founders strengthen the team and expand its global customer base.

Over the past three years, US sales have grown 650% with an investment in a North Carolina warehouse and over £1 million in inventory to support key US accounts and markets . The company is now adding customers in the country at the rate of one per week on average.

Richard Manley, Managing Director of Seneca Partners, the Newton-le-Willows-based specialist SME investment firm, said: “Despite challenging business conditions, Whyte & Ivory has built year on year revenue and has implemented each of the core strategies. in his business plan.

“Growth in the US has been phenomenal as the team has differentiated its proposition from the major players in the market, winning new customers every week. The digital printing capability that Seneca has invested in is market leading worldwide. It has really changed. conversation with customers as they recognize Whyte & Ivory as an innovator and industry leader.”

Peter Hamilton, Founder of Whyte & Ivory, added: “We plan to continue to build sales from the UK, but we really see the US as a huge market opportunity for us.

“We have the best quality product on the market offered at competitive prices, while maintaining the premium service proposition of a dynamic private company with a passion for customer service. The results are evident in the numbers .”