Nuneaton MP Marcus Jones has been to see an expanding business empire which is bringing 200 new jobs to his constituency.
Luxury For Less, multi-channel online bathroom retailer bought the former headquarters of Adams Childrenswear in Nuneaton earlier this year and is now starting to move staff from its base in Exhall.
The firm, which sells bathroom furniture, equipment and accessories direct to the public via BathEmpire.com and its trade brand Kirby Sebastian, will create the new posts over the next few years as it continues to expand.
It has repaired and renovated the building on the Attleborough Fields industrial estate, and installed new warehousing and offices at the 169,000 sq ft complex.
The company, which was founded by entrepreneur Chris Li and university friend Vicky Wang, will complete the £5 million move early next year.
BathEmpire.com retained its ranking of the fastest-growing private firm in Coventry in this year’s Sunday Times Virgin Fast Track 100, the annual league table published this month of Britain’s private companies with the fastest-growing sales over three years.
Three years’ compound annual sales growth of 73 per cent made it the seventh fastest-growing private company in the Midlands and the 49th in Britain.
Jones, who is the Conservative Party’s SME Ambassador for the Midlands, said: “Luxury For Less is a real success story and it is good news that it has chosen Nuneaton as the location for its headquarters.
“It is a company very much on the up, and is certainly planning for continued rapid expansion. The building has been empty since the demise of Adams and it is really uplifting to see it as a hive of commercial activity once again.
“Luxury For Less employs mostly local people and that is one of the major reasons for it deciding to stay on the patch. Hopefully it will continue to attract local people for the posts which are on offer and therefore bring an added boost to the local economy.”
Luxury For Less started in Brighton in 2006 and moved to the Coventry area two years later to capitalise on its superior transport links and access to good commercial space. Last year it turned over £14 million – a figure which is expected to grow to £20million this year.
CEO Chris Li said: “Our team has been absolutely key to our success in recent years so we wanted to stay in the local area but we knew we had to move to keep expanding the business, and fortunately this building has made both possible.
“We wanted Marcus to see the building before it is totally finished so he could gauge the level of investment we are undertaking and the scope of the improvements.
“We had the chance to discuss a variety of issues impacting on business, and we are looking forward to having him back when we formally open.”
