A multi-million pound Lincoln hydraulics specialist has invested in an expansion of its warehousing facility, as it celebrates its half-century.
Chartered Surveyor Banks Long & Co today revealed it has leased a 5,000 sq ft warehouse in Cardinal Close, Lincoln, to Pearson Hydraulics.
News comes just weeks after Banks Long helped Witham Hill Gymnastics Club to make its own leap forward – from the same premises – into a bigger unit in Crofton Drive on the city’s Allenby Road Industrial Estate!
Pearson Hydraulics’ expansion comes in the wake of recent substantial investments in equipment and systems, which will enable the company to provide an even slicker service to its customers worldwide.
The firm has spent £100,000 on a new hose cutting machine, which is capable of cutting 750 hoses an hour and marking them with a customer’s details, and a further £100,000 on stock control management software.
Managing Director Rick Dring said: “We are growing again in our 50th year. Our main Cardinal Close premises, complete with trade counter, were built in 1998. We extended them by 50 per cent two years later and we have been looking for further storage capacity over the past two years.
“Over the last eighteen months we rented warehousing in the centre of Lincoln, but then we discovered that this 5,000 sq ft unit, just yards from our main premises, had become available. Logistically, it made sense to go for it and it offers us great capacity for further growth.”
Pearson Hydraulics – which employs 40 people across its sites in Lincoln and Grantham – is looking forward to another good year for the business, which has a diverse customer base.
The firm, which provides off-the-shelf and bespoke solutions, along with technical expertise, has customers within the agricultural, construction, materials handling, waste recycling, marine, petrochemical and other industries.
“We have distribution agreements with leading manufacturers, but one of the reasons for our most recent growth has been a decision taken by the Danish company Danfoss to appoint us as one of only two UK-based master distributors,” said Mr Dring.
“We are also being increasingly recognised for our Original Equipment Manufacture kitting, whereby we are able to supply all the hydraulic parts needed to assemble and install the hydraulic content of a complete machine as one package, with one part number.”
The firm’s next move will be to launch a web-shop, which it plans to do within the next two months.
Banks Long & Co Trainee Surveyor Jonathan Purkiss said: “Pearson Hydraulics is a well-established Lincolnshire business serving a worldwide market.
“We are delighted to have assisted the firm with the leasing of quality premises, which are both conveniently close to its main site and which will allow for its future growth.
“We are seeing a definite pick-up in demand for industrial premises and this confidence is being underlined by developer interest in creating more speculatively-built units, alongside partly-committed premises.”
