Sir Tom Hunter is back in black

Scottish retail tycoon Sir Tom Hunter’s West Coast Capital Trading completed a remarkable turnaround when it reported profits of £7.6m for the year ending 31 January 2010 – up from a loss of £40m the year before. Revenue at the conglomerate rose four per cent to 216m. The firm, which owns fashion retailer USC and recently sold shoe chain Office, reported a staggering £83m loss in 2009. Debt at the group rose from £413m to £418m.