Cumbernauld raincoat maufacturers Mackintosh report profit boom

Written by Scott Campbell.
Published at 16:21 BST on Tuesday 17th July 2012.

Cumbernauld raincoat manufacturers Mackintosh has seen its profit increase by almost 90%, as a few wet months brought in new customers.

The Mackintosh raincoat manufacturers, whose head office is based in Lancashire, employed an average of 125 people last year, up from 110 in 2011, with 107 people employed at its Cumbernauld factory.

Announcing the profit increase, Mackintosh said: “For coming seasons the rubberised coat may not remain as popular in our major markets.”

The company, whose directors expect to increase turnover and profit in its current financial year, began in 1824, when it was started by Glasgow chemist Charles Macintosh of a way of applying rubber to cotton to make it waterproof.

Since its creation, the company’s raincoats have even served the British Army in the First and Second World War.

The company has said that its profits rose 84.8% to £697,000, and turnover for the year to the end of March 2012 rose 29.8% to £7 million, but warned that production of its coats are likely to continue to fall according to the company’s Japan-based owners Yagi Tsusho, who bought over Mackintosh in 2007, when it increased its stake from 90.3% to 100%.

Talking to the Herald a Mackintosh spokesperson added: “So, although production will not increase, we are sure that by maintaining the number of rubberised productions, we can increase the turnover significantly for machined and quilted (coats) much more than previous years.”

For the past decade a large proportion of Mackintosh’s sales have come from overseas, most notably from Japan, with sales from Asia and the Far East totalling £3.8m last year alone.