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Folkes forges thrifty deal for expanding engineer

wantspacegotspace.co.uk - Folkes forges thrifty deal for expanding engineerExpanding manufacturer SRS Precision Engineering has relocated to a 12,000 sq ft unit at the Old Forge Trading Estate, Lye, West Midlands in a deal turned around in double quick time by estate owners Folkes Holdings Ltd.

SRS, which acquired former Redditch tool-maker Harper & Simmons in January 2013, has relocated the business to the Old Forge Trading Estate on Dudley Road, enabling the company to go ahead with major expansion plans.

From its new operating base, the specialist manufacturer of new and refurbished tools mainly for the automotive, white goods and aerospace industries will service customers across the Midlands and nationally.

SRS is now seeking to add up to 20 more staff to its 13-strong workforce, and moving back to the engineering heartland of the Black Country, where the Old Forge Trading Estate is based, was a key decision factor.

SRS chairman Steve Hayes said: “We decided to relocate the SRS business to establish a new high quality operating base.  This gives us a professional and cost effective platform to service our customer base and re-energise this Midlands based former family business.

“Being based in the area’s industrial heartland gives us the best location to employ skilled engineers over coming weeks and months.

“The creative lease structure offered by Folkes as we re-establish this long-standing business was another key factor in determining our choice of location.”

Lye based commercial property group Folkes Holdings fast-forwarded a lease arrangement in a 2-week time frame in order to meet SRS’s relocation targets.

SRS’s arrival means only 4 units ranging from 3,000 sq ft to 5,500 sq ft remain at The Old Forge Trading Estate, two of which are ideal for trade counter uses, having frontage and visibility to the busy Dudley Road.

The 15-unit, 94,000 sq ft Old Forge Trading Estate is also home to Xtreme UK, R&M Metal Finishing and Plumbwares.

Andrew Parker, director of Folkes Properties, added: “We can offer real value to local companies by offering a choice of flexible lets, at competitive rates which will be very attractive to both local and national companies who are thinking of moving in these challenging times.

“SRS were a pleasure to deal with and it shows what can be done when the pressure is on.  We have also just let a 4,000 sq ft unit to J&D Training Academy Ltd, again in a matter of days.
"Companies can be confident they will deal directly with us, and because we are very hands-on and locally based, we are able to do deals very quickly and efficiently."

Posted by The Editor (wantspacegotspace) on 13th May 2013 (updated 17/05/2013)

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