Despite the current trading conditions, Cleveland Cable are continuing our expansion with the purchase of a 4.1-acre former brownfield site near Northampton on which we plan to build a new warehouse and sales facility.
At a time of recession and mass redundancy in the UK, this newbuild represents a serious investment for us. It will provide new jobs in both the design and build of the premises and in the additional staff needed to service such a large facility.
We currently employ 46 staff at our nearby Milton Keynes base, servicing the South-East coast including Lincolnshire, Peterborough and Cambridge. The new site will be the base of operations for the Milton Keynes branch who will be relocating there. This provides a much-needed, larger footprint for storage facilities and the transport requirements of this highly successful depot as well bringing us closer to the Midlands, from where we can service our road and rail contracts more effectively.
The existing Milton Keynes warehouse and offices will be transferred to Cable Properties and Investments to be retained in the company's property portfolio. The property will then be let off and subsequently managed by the properties team based in our Middlesbrough headquarters.