Sealing products supplier moves to new £1.8 million Enderby facility

edcosealandsupplyA sealing products supplier has quadrupled the size of its headquarters by moving to a new £1.8 million facility in Enderby, creating two jobs.

Edco Seal and Supply bought the centre outright and aims to use it as a distribution centre to complement its technical centre in Knutsford, near Manchester.

More jobs may be added in the future and the firm is planning to launch an apprenticeship programme in the new year.

Craig Eddas

Craig Eddas

Edco owner and managing director Craig Eddas said:

“Our new location is one of the best in the country – close to the M1 and M69 and therefore close to the M6. So it is great logistically and also close to operations of the global carriers such as UPS and FedEx.”

The 20,000 square feet of space at Quartz Close, off Warren Park Way, is four times the size of Edco’s former home in Whetstone.

The extra space, equipped with electronically controlled storage systems, means the business has plenty of room for growth, said Craig.

“We were bursting at the seams at the old place. We can store more products now and in a highly efficient way,” he said.

“It’s a new building, very secure and really does reflect the professionalism that has enabled us to grow.

“This takes us to another level. Owning it gives us really firm roots in Leicestershire and we will never have to move again.

“This is now our permanent home and we want to work with more manufacturers locally which require products such as ours.

“There’s an open invitation for them to come in and see what we do, talk to us about what they need and together create a strong local supply link.

“Coupled with our technical centre we can service industrial markets and manufacturers to supply high-end products for markets such as aerospace, space, oil and gas, rail, military and marine.”

Craig and Edco were advised by Leicester chartered accountants Mark J Rees.

Andy Turner, the Mark J Rees partner who works closely with Edco, said:

“Craig really wanted Edco to move within Leicestershire and looked long and hard for the right premises.

“They are significantly bigger than the previous premises, which the business rented, so they have space to grow into.

“We advised on how to structure the purchase and on the financing, plus we helped with VAT and capital allowances.

The end result is pleasing and a huge plus to know they are in their own building.”

Craig, who was 26 when he set up the business, said:

“Andy and the team at Mark J Rees have assisted us over a long period of time, so we could be financially secure and able to afford to buy our own premises.

“We couldn’t have done it without Andy and the team. Andy always gives excellent advice and helped revolutionise our business while bringing financial stability.

“This new building is a massive investment for Edco and we have only been able to do it thanks to the advice they have given across all aspects of business.”

News item sourced from http://www.leicestermercury.co.uk/New-jobs-seal-pound-1-8-million-HQ/story-28020667-detail/story.html#ixzz3pDb0FbiE

Posted in Business, News

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