INSIGHTS - OCTOBER 2024

UK Leather Products Industry

UK Leather Products Industry Information

The leather industry involves the tanning, dyeing and processing of the raw or finished materials used to make leather goods, luggage, bags and shoes. It also includes the manufacture of imitation leather products.

Active Businesses

1,050

Annual Sales

£2bn +

Employees

7,958

Economic Contribution 

£464m

Tags

Location of Leather Products Companies

Leather Products Companies by Size

75% Micro

20% Small

4% Mid

1% Large

0% Mega

Leather Products Companies by Age

27% Startup

27% Young

22% Established

22% Mature

2% New

Fastest Growing Leather Products Companies

34% Declining

26% Rapid

18% High

16% Healthy

6% Low

Leather Products Industry Competitive Environment - New Entrants vs Leavers

Leather Products Industry Valuation

EBITDA Multiple

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Leather Products Industry Valuation

Turnover Multiple

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Leather Products Industry Valuation

Net Asset Multiple

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Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Manufacture of leather and related products Industry Insights

There are 1,050 active Businesses in the UK with combined annual sales of £2 billion .

The Industry employs around 7,957 people and contributes £464 million to the economy.

The most popular location for Leather Products companies is London with 354 and the fewest are located in Northern Ireland with 9.

The largest Leather Products company is New Balance Athletic Shoes (U.k.) Limited with a turnover of £882.2m. 75% of the industry is comprised of Micro companies with only 4% Mid companies.

22% of the Leather Products Industry is made up of 22% Mature but the majority are Startup businesses (27%) the oldest company is Thomas Ware & Sons Limited founded in 1890.

Leather Products industry has a number of high growth companies (16%), the fastest growing company is Samsonite Limited with a 3 year growth rate of 64%. Other fast growing companies include New Balance Athletic Shoes (U.k.) Limited (49%), J W Anderson Limited (25%) and Scottish Leather Group Operations Limited (20%).

The UK Leather Products Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 9.10x, Turnover multiple of 1.10x and a Net Asset multiple of 3.04x.