Vibrant growth outlook prompts relocation for Plasticolour
Plastics specialist Plasticolour Ltd has announced its relocation to Ashfield Close on the Whitehall Road Industrial/Trade Counter Estate in Leeds, after signing a 5-year tenancy contract with commercial and industrial landlord Towngate PLC.
The company – which supplies polymers and colours to the injection and extrusion moulding industry, and specialises in the production of small-batch bespoke orders – celebrated a successful first year of trading in March this year. And now, formerly based in Armley, the team has moved into the 2,397 sq ft unit at Ashfield Close as it prepares for further growth.
Commenting on the new base, Plasticolour’s managing director Ian Morgan said: “We had a brilliant first year in business, and once we realised that we were on track to at least double in size over our second, it became clear that additional space was needed to expand our operations. As well as increased warehouse square footage and larger offices, we also required better accessibility for larger vehicles to fulfil our delivery and collection needs.
“Ashfield Close was actually the first place we looked at, and even though we scoped out other similarly sized premises in the Leeds area, nothing could beat it for suitability or affordability. Plus, it was obvious that Towngate shared our values of providing excellent customer service and building great relationships, so the choice was easy.”
Relocating alongside its sister company Academium – a digital marketing agency – the plastics firm will now benefit from a vast warehouse with 4m high ceilings, steel loading door, additional office accommodation, new toilet facilities, kitchenette and trade counter. Situated on the well-established Whitehall Road Industrial Estate, the premises also have the advantage of security fencing and lockable gates.
Towngate’s property manager Tom Lamb commented on why this is such an exciting let for the client: “Thanks to its combined warehouse and trade counter offerings, proximity to Leeds city centre and accessibility to the M621, Ashfield Close is a favourite amongst industrial firms. We are delighted to welcome Plasticolour as the site’s newest tenant and now that Unit 7 has been leased, the whole estate is fully occupied.”
Plasticolour’s tenancy announcement comes at a busy time for Towngate, as the property specialist has recently relaunched Units 4A and B of Olympia Trading Estate. Following an extensive refurbishment – including comprehensive recladding works and a refreshed interior – the 10,786 sq ft space on Gelderd Lane is now available to let.
Elsewhere, the company has newly welcomed turbo repair and reconditioning expert Turbo Clinic UK to Unit C3 at Copley Hill Trading Estate, and is preparing for the much-anticipated unveiling of the revitalised Copperworks site in Stourton, due to take place in November.