Stockport based Rowlinson Knitwear has purchased new 76,000 square foot premises to support expansion plans.
HSBC has provided a seven-figure funding package for the purchase of new premises to employee owned Rowlinson Knitwear, one of the largest personalised schoolwear manufacturers in the UK.
The multi-million funding package was completed by Graeme Faraday, HSBC’s Corporate Relationship Director.
Established in 1935, Rowlinson Knitwear specialises in selling high quality polo shirts, sweatshirts and knitwear to independent schoolwear retailers throughout the UK. After years of strong growth and rising demand for its products, the business outgrew its previous twin premises.
Rowlinson Knitwear bought the new 76,000 square foot property, located at Discovery Park, Stockport, for a seven-figure sum. The business also intends on completing significant refurbishments to the premises, including installing new site security and modifications to its layout. The significant investment in the property will allow the firm to expand its logistics capabilities, particularly during peak times, as well as providing improved working areas for its 50 staff.
Donald Moore, Managing Director of Rowlinson Knitwear, said:
“As our company has grown massively in the last two years, we faced multiple obstacles to growth with our previous two site setup. Not only was the small size of the sites restricting our ability to increase our stock but it was also inefficient as our staff were split between the two. Our new premises will solve these challenges and forms a strong foundation in which we can continue to win market share and provide a great place to work for our staff.”
Jason Trigg, HSBC’s Area Director for Manchester, said:
“We have a long term relationship with the business after we supported it in becoming majority employee owned in 2015. We are therefore delighted to be part of Rowlinson Knitwear’s relocation to new and improved premises. We look forward to seeing the business grow and our continued support demonstrates our appetite to back local businesses in Stockport and beyond.”