Wakefield Shirt Company secures £6.3M to fuel growth
What's the deal? The Wakefield Shirt Company, a WW2-era clothing maker behind the Double TwoDealroom has a profile for this one. Try Dealroom → menswear brand, has secured £6.3M in funding from asset-based lender Cynergy Business FinanceDealroom has a profile for this one. Try Dealroom →. The package is designed to support product development and refinance the company's property portfolio.
The business, which turns over £12.3M, also supplies workwear and has a growing portfolio of government contracts. It employs 85 people and is based in Wakefield, on the banks of the River Calder.
Why now? The company's most recent accounts, covering 2024, show operating profits jumped from £57,323 to £316,675 — a more than fivefold increase. The business attributed the improvement to cost reductions and growing margins.
The deal also came as the company's mortgage was up for renewal. Cynergy had already been providing invoice finance for three years, making an expanded relationship a logical next step.
"Their straightforward, no nonsense, value for money approach made them a natural choice," said John Donner, managing director at Wakefield Shirt Company.
The signal: Cynergy Business Finance, a corporate lender already embedded in the Wakefield Shirt Company's operations through three years of invoice financing, is deepening its bet on a mature British manufacturer with tangible assets and public-sector revenue. With Double Two classified as a mature-stage business on Dealroom, this deal is less about high-growth ambition and more about the quiet resilience of heritage brands that can still attract meaningful capital by pairing real property, government contracts, and steadily improving margins.
Read more: business-live.co.uk
