Bury-based fashion accessories firm reveals European expansion plans

Beechfield Brands, a fashion accessories firm, has revealed plans to invest £150k and increase its revenues to £25m in the next two years.

The Bury-based company is boosting its warehouse space by 25,000 sq ft to 100,000 sq ft, which includes a product testing lab and marketing studio, and upgrading its management software systems to deal with an increased customer demand.

Owner Roger McHugh, who bought the firm in 2006, is targeting expansion in Europe.

He said: “I believe we can achieve annual revenues of £25m in two years. This growth will come about through new distribution opportunities in more countries, as well as by extending our product lines.”

The firm has appointed accountancy practice Hurst, which is currently carrying out a six-figure refurb of its Stockport HQ, to advise on its growth strategy.

Roger continued: “We have moved to Hurst as we believe it will bring a lot more to the table than simply keeping financial score.

“I am looking forward to the Hurst team being actively involved in our strategy.”

Hurst chief executive Tim Potter said the firm is “delighted” to be teaming up with Beechfield Brands.

Tim added: “The company operates in a sector we know well and Beechfield is a welcome addition to our growing client base.”

From its base on Bury’s Warth Industrial Estate, Beechfield Brands distributes plain caps and bags for retailers, marketing firms and organisations such as schools and clubs to add their own branding.

The firm, which hit a turnover of £16.3m last year, currently employs a team of 35 and exports to 20 European countries.

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