Friday, February 26, 2016

News: Pricecheck invests £1m in new site

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Award-winning firm, Pricecheck Toiletries has used the move to new premises at Beighton Link Business Park in Rotherham, to celebrate its Queen's Award win that recognised excellence in international trade.

Pricecheck is a second generation family owned business, established in 1978 by the parents of Mark Lythe and Debbie Harrison who now run the company as joint managing directors. Pricecheck is a leading supplier of international branded consumer goods, working predominately in the health and beauty sector, dealing with discounted clearance stock. Pricecheck sell to a variety of outlets in its global network, including discount retailers, independent retailers, wholesalers, pharmacies, mail order companies and internet retailers.

As the UK's highest accolade for business success, it is custom for winning companies to be presented their award by one of Her Majesty The Queen's representatives whose planned attendance tied in perfectly with the families business expansion.

The Lord Lieutenant of South Yorkshire and The Lord Mayor of Sheffield were at the new site alongside members of the 83 strong staff force and representatives from agencies that made the move possible - Fernie Greaves, DLA Piper, Monaghans, SDE Group, Henderson Hall Rhodes and Lloyds Bank.

Mark Lythe, joint managing director at Pricecheck, said: "The move has been in the pipeline for just over a year now. Our Queen's Award win gave Pricecheck an incredible platform to build upon our export success and contributed greatly towards our 2015 figures seeing company turnover reach £40.5m. Now that we are no longer constrained by the size of our previous building, we expect to see an increase of 20% by the end of our first year in the new building."

In total, the cost of the company move has reached £1m with considerable funds spent on transforming the Beighton building from a manufacturing site into a distribution centre. A purpose built, narrow aisle racking system was put into place to achieve this along with new fork lift trucks and tailored staff training.

The new premises certainly has ample room for the businesses ambitious future growth plans. The warehouse is able to accommodate 40% more than previously achievable and offices have tripled in size.

Lucy Goddard, HR manager at Pricecheck, said: "We are delighted to have retained all of our 83 members of staff through the move and are immensely proud of everyone's efforts, working tirelessly to complete this relocation project in time for the planned opening. We predict staff numbers to further increase to 150 over the next five years and have every confidence this expansion will aid our company's aspirations."

Debbie Harrison, joint managing director at Pricecheck, added: "With the additional space we now have the luxury to expand all areas of the business. We intend to widen our product categories, increase stock levels and endeavour to trade in further unexplored prospective territories in addition to the 75 countries we currently export to. Our parents and company founders Doug and Moira Lythe built Mark and I a firm foundation in the discount market sector. We are keen to continue what they started and leave a lasting legacy in the future."

Pricecheck website

Images: Pricecheck

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