Smyth & Gibson Shirtmakers is to create four new jobs following a half a million pound loan.
The Derry-based company is one of the UK and Ireland’s last remaining traditional handmade shirtmakers.
The business was awarded the £500,000 loan from the Growth Loan Fund in an effort to support global expansion.
Garments manufactured by the factory are currently exported to Canada, Germany, Belgium, Ireland and the Netherlands and on sale at high street retailers such as Selfridges and House of Fraser.
Fifty-four people are currently employed at the Victoria road factory.
Richard Gibson, Managing Director of Smyth & Gibson Shirtmakers said:
“Over the past 12 months we have grown the business steadily, breaking in to new markets and building our online presence.
“This investment, combined with the continuing support from Invest NI and our equity partners, will allow us to implement our future growth strategy. This strategy will be concentrated on further developing our existing export markets of Canada and Germany, as well as supporting growth in our direct retail channels.
“The recent development of a web concession with House of Fraser, is an example of the growth plan that will help deliver improved margins and more direct contact with the end consumer.”
Jenna Mairs, Investment Manager at WhiteRock Capital Partners, commented:
“Smyth & Gibson Shirtmakers are one of the North West’s leading manufacturers. The products manufactured take a great deal of skill to create and focusing on quality has enabled one of the few remaining traditional shirtmakers in Great Britain and Ireland to thrive.
“Export sales are a major contributor to the Northern Ireland Economy and Smyth & Gibson Shirtmakers has demonstrated potential for further growth. We have made an investment that will help support the future growth of the business worldwide and create jobs in the local area.”
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