N Corah operated the largest hosiery factory in Britain.
Nathaniel Corah (1776 – 1832) was a Baptist from the Leicestershire village of Bagworth. Trained as a framesmith in the local knitting industry, Corah established business as a hosiery trader in Leicester in 1815.
Corah would purchase hosiery at the Globe on Silver Street in Leicester and sell it in Birmingham. Initially he was assisted by his wife Sarah (1784 – 1856).
The trade was to prove successful, and by 1824 Corah was able to purchase the freehold of a block of buildings in Union Street, Leicester to house his increasing stocks.
Corah’s sons, John, William and Thomas entered into the business as partners from 1830, and the firm began to trade as N Corah & Sons.
The firm moved to a purpose-built factory on Granby Street in 1845. The relocation allowed for the introduction of steam-power to manufacture.
John Harris Cooper (1832 – 1906) joined N Corah & Sons in 1846. The firm employed around 1,000 old hand frames for stocking manufacturing.
Following the completion of his seven year apprenticeship, Cooper became involved in management at the firm.
John Harris Cooper and Edwin Corah (1832 – 1880) acquired the business in 1857.
The business relocated to St Margaret’s Works in Leicester in 1865. Named after the parish in which it was located, the site originally had a floor space of two acres. The firm introduced the St Margaret’s trademark for clothing at this time. A large beam engine was operated from 1866.
By 1872 the firm employed a workforce of 1,500 and produced about 2,000 tons of product annually.
Upon the death of Edwin Corah in 1880, John Arthur Corah (1846 – 1917) and Alfred Corah joined Cooper in partnership, and the firm began to trade as N Corah, Sons & Cooper. J A Corah had previously managed the Liverpool branch of the business, and Alfred Corah had managed the Birmingham branch.
Electric lighting was installed at St Margaret’s Works from 1883. The firm paid wages substantially above average, and thus avoided strike action by its workers. The firm was a substantial benefactor to various charitable causes, especially the elderly poor of Leicester.
During the First World War, 50 percent of the male staff at Corah joined the forces. The firm produced ten million articles of knitwear, over 70 percent for government contracts.
John Arthur Corah died in 1917 with a gross estate valued at £143,208.
N Corah & Sons was incorporated as a private company in 1919. The St Margaret’s Works was the largest factory of its kind in Britain and 2,500 people were employed. Production largely consisted of hosiery and other woollen goods. That year, King George V visited the factory, partly in recognition of Corah’s contribution to the war effort.
The firm developed a strong relationship as a supplier to Marks & Spencer from 1926.
Authorised capital was increased to £750,000 in 1939. 4,500 people were employed.
During the Second World War, half the company’s staff either went into the armed services or were transferred to munitions production. During the war, some 26 million articles were produced. The engineering department was largely given over to producing gun parts and parts for tank landing craft.
N Corah & Sons was converted into a public company in 1946. Marks & Spencer was the principal customer. The St Margaret’s Works in Leicester covered six acres and was the largest hosiery factory in Britain. Around 2,500 people were employed.
Marks & Spencer was a dynamic retailer, and Lord Marks encourage Corah to be more ambitious. In 1951 Marks & Spencer made the transition from a low-cost retailer to a quality purveyor. As a major supplier, Corah too entered this transition. Encouraged by Marks & Spencer, Corah entered into a policy of long-term planning and development.
In the post-war period a successful export trade was developed.
To reflect the success of its trademark, the company name was changed to N Corah (St Margaret) Ltd in 1954.
The St Margaret’s Works covered a floor space of twelve acres by 1965. Corah employed 6,500 people across the company.
As late as 1978, Marks & Spencer accounted for 75 percent of sales.
Corah entered into difficulty in the 1980s. It acquired Reliance, a fellow M&S supplier, but struggled to integrate the business. This was followed by a strike at one of its factories.
Meanwhile, tastes in fashion began to change. The struggling knitwear division was closed in 1988 with the loss of nearly 800 jobs.
Corah sold its sock division to Courtaulds for £7.5 million in cash in 1988.
Corah was acquired by Charterhall, an Australian investment group, for £27.2 million in 1988. Charterhall entered into administration in 1990.
Coats Viyella, the largest textiles company in Britain, acquired Corah for around £25 million in cash in 1994.