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No bovver as Docs make quick profit

Singer Jessie J wearing Dr Martens

Singer Jessie J wearing Dr Martens

Wollaston-based Dr Martens has been ranked eighth in a league table of 100 private British companies with the fastest-growing profits.

The firm, which makes footwear favoured by celebrities including Rihanna and Jessie J, was the highest ranked East Midlands firm on the Sunday Times PwC Profit Track 100 league table.

The league table ranks Britain’s 100 private companies with the fastest-growing profits over the last three years of available audited accounts. Dr Martens has made it onto the league table for the first time this year.

Chief executive David Suddens said Dr Martens had opened 14 new shops between 2009 and 2011 – seven in the UK, six in America and one in Hong Kong. He said the company had experienced growth in Asia, in its e-commerce business, in variations of its traditional boot and other areas.

Mr Suddens said: “We have been growing in many different areas. The original Dr Martens boot and shoe in different forms, different shapes, colours and materials, that has been a big source of growth for us.

“The business is continuing to do well now, it’s not just the historic stuff.”

He said it was nice to hear about the league table, adding: “The growth is not just coming from one place, it’s coming from different regions, different product types, it means the business is a lot more balanced than it was 10 or 15 years ago.”

Alan Piggot, president of Wellingborough Chamber of Trade, said: “I’m pleased for them. Reinventing themselves with something people want to buy is superb, all credit to them.”

Dr Martens has been working with supermodel Agyness Deyn to create her own collection.

 

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