COVENTRY FURNITURE FIRM MOVES INTO NEW HOME

Added by Love Business East Midlands | 9 November 2017

UPDATED: 9 November 2017

Creative Hire, a leading Coventry-based furniture hire business, has purchased a new, larger warehouse with the help of a £3.35 million commercial mortgage from HSBC.

L-R Wes Britton, Managing Director at Creative Hire, and Rakesh Patel, HSBC Business Banking International Commercial Manager.

Creative Hire currently holds the largest stock of exhibition and conference furniture, including designer and bespoke items in the UK. The business has delivered furniture-hire solutions for exhibitions ranging from The Craft Shows, BodyPower Expo and the International Paris Air Show. 

The new HSBC-funded facility is three times larger than Creative Hire’s previous premises and is located near Nuneaton, a short journey from the NEC. The 120,000 sq. ft. warehouse will provide the necessary space to accommodate approximately 165,000 items of stock. The business will be able to stock more furniture, as well as invest in new product lines to deliver furniture-hire solutions for a larger number of exhibitions.

Following the move to the new warehouse and with HSBC’s support, Creative Hire hopes to triple turnover in the next five years. In addition, the business aims to recruit 10 new permanent staff and a further 200 temporary employees next year to keep up with new contracts. 

The HSBC funding is part of the bank’s £10bn fund to support SME’s across the country.

Wes Britton, Managing Director at Creative Hire, said: “We’re thrilled to be moving into a larger warehouse. We continue to see increasing demand for high-quality exhibition furniture and this move will enable us to deliver more contracts than we’ve previously been able to. HSBC’s support has been key to securing our new home and we’re looking forward to growing the business from our bigger base.”

Mark Lupton, HSBC Area Director for Business Banking in the Midlands, said: “HSBC is committed to helping British businesses realise their ambitions. We’re delighted to be helping Creative Hire with its move. The larger warehouse means the rapidly expanding business can deliver a greater range of solutions for existing customers and secure new contracts.”

The HSBC funding was arranged by Rakesh Patel, International Commercial Manager.

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