Record growth at TM Lewin

Men’s and women’s tailoring specialist TM Lewin enjoyed a year of
record growth, posting a profit before tax increase of 91 per
cent in the year to 28th February. Sales were up 42 per cent, to
£55.6 million, and EBITDA rose to £ 9.1 million. Mail
order sales, which represent 16 per cent of the business, were
also up 44 per cent, achieved through the relaunching of the
website, investment in systems and the outsourcing of fulfilment
in October 2006. The new financial year has also started well for
the company, with sales in the first quarter up 17 per cent year
on year. TM Lewin underwent a management buyout in May 2006. Bank
of Scotland Corporate financed the £50 million deal, which
was led by managing director Geoff Quinn with other members of
the senior management team.


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