A County Durham warehouse operator, The Storage Place, has announced it has received a six-figure investment, which will help to create 40 new jobs.
The e-commerce order fulfilment company has secured £400,000 in a funding round which saw the North East Development Capital Fund, Business Durham and the European Regional Development Fund work to provide financial backing to the company.
The funding will allow for expansion of the business in County Durham, opening a new facility which will enable the company to double its capacity and create new jobs, whilst also supporting the local County Durham business economy.
The Storage Place was founded as a warehousing and distribution firm for heavy industry and automotives in 2002 in the North East. The rise of e-commerce has seen the company shift its focus to e-retail order fulfilment.
The company specialises in the management of stock from suppliers, order delivery and software integration- providing an end-to-end service for e-commerce companies looking to outsource and streamline their distribution system.
Working with an extensive range of carriers including Royal Mail, DPD and Evri, The Storage Place’s warehouses are strategically located to provide easy access to major transport routes and hubs.
Located near to the A19 in Peterlee, their County Durham warehouse is just a short drive from Teesport and the Port of Tyne and is situated next to one of the North East’s key routes to the south.
As internet sales now represent over a quarter of all retail sales in the UK, there is an evident demand for e-commerce fulfilment services that provide modern, advanced solutions for clients.
Landlord of their Peterlee site, Kirtley Co., has welcomed the investment for their tenant, which will allow the business to grow even further, targeting a global market.
As The Storage Place looks to support the economic development of County Durham and the North East, they also look to develop relationships closer to home.
With neighbours at their Peterlee site including Castle Eden Lift Trucks Ltd and GC Grill & catering, the Kirtley Co. owned warehouses are creating a hub of industry and development.
Having owned the site for over 20 years, family business Kirtley Co. has ensured the premises remain modern, accessible and a large car park to allow for the upcoming increased capacity.
Kirtley Co. has a long history with commercial property, the business beginning over 40 years ago by Henry Kirtley. The company remains in the family, with Henry’s daughters Alex and Toni managing the successful firm.
With properties across the North East, Kirtley Co. are well-known in the region and along with restoring historic properties, are landlords for properties from Middlesbrough to Sunderland.
Managing Director, Alex Kirtley, commented on their tenants’ success: “We are thrilled that The Storage Place has received such significant funding, which will allow them to expand and hire more staff as their fulfilment business continues to grow rapidly.
“We have owned the sites at Peterlee for some time, and it is great to see modern, hard-working businesses thrive in our spaces.
“The spaces at Peterlee are in a prime location for distribution and delivery, and this has proved an important factor for our tenants, reducing travel time and thus increasing the amount of fulfilments that can be made.”
Warehousing and Office space is available to rent through Kirtley Co. For more information, visit https://kirtleyco.uk/
