Dearing Plastics relocates to Humber Enterprise Park after outgrowing Hull premises

By Hull Daily Mail | Posted: 22 Feb 2017

A LEADING UK plastics moulding company is moving to the Humber Enterprise Park (HEP) in Brough after outgrowing its premises in Hull.

Dearing Plastics, which began as a small family firm in 1986, is relocating to the pioneering 79-acre park next month as part of its wider expansion plans.

The company, which is currently based in Carlton Street in the city, will occupy a newly refurbished 40,000sq ft warehouse at HEP after agreeing a deal with LC Industrial, a tie-up between LRE Capital and Leeds-based business specialist Citivale.

Dearing Plastics, which in the past has been known for its involvement with Cadbury's chocolate money boxes and is now the UK's biggest producer of empty first-aid boxes, exports its products all over the world as far as New Zealand.

Andy Harris, director of Dearing Plastics, said: "In the past four years we have seen continued growth and, as a result, the firm has outgrown its base in Hull.

"The increase of almost 30 per cent in exports, coupled with the investment in our own product tooling, has seen the company invest in larger moulding machines.

"This has given us the opportunity to offer a greater range of manufacturing capability to many sectors."

Dearing Plastics currently employs 30 permanent staff with ten agency workers.

It is envisaged that once the move is completed, the business will begin a recruitment drive to employ more permanent staff in all areas of production.

"We decided to move to the HEP because we needed premises that had sufficient energy availability for our large injection moulding machines," said Mr Harris.

"In addition, the standard of the site had to be such that our blue-chip clients were confident their investment in tooling was safeguarded on our site.

"The attraction of the park's Enterprise Zone status with no business rates also means that we can channel such overhead costs into investment in more machinery, leading to increased production and more job opportunities."

Dearing Plastics expects to decommission its Hull production line in mid-March and to be up and running in Brough by the end of that month.

The company manufactures hundreds of bespoke products, parts and widgets for companies ranging from local caravan firms to international toy manufacturers.

"We make quite a lot of storage boxes and have a promotion with a major retailer, which is a regular project for us," said Mr Harris.

"A lot of our customers are in Europe and we don't really know how this will be affected by Brexit until negotiations start.

"We have quite a lot of Eastern European workers alongside our UK nationals, who have been with us for a lot of years, and we share their concern over how this may affect their residency. We hope that the situation will be resolved in the best way for all."

HEP incorporates 1.3 million sq ft of high-quality office and industrial space and 20 acres of development land. The site benefits from Enterprise Zone and Assisted Area Status, offering significant incentives to new occupiers.

LC Industrial was launched in 2015 to invest in the UK industrial sector.

Sassan Ahsani, managing director and founder of LRE Capital, said the move by Dearing Plastics was "a resounding endorsement" of what it was aiming to achieve at the unique development.

James Appleton-Metcalfe, managing director of Citivale, said: "Already our competitive rents and unrivalled working environment are proving attractive to a whole raft of different occupiers.

"For example, a company moving here and taking 5,000sq ft of space, would save more than £500,000 over a five-year period compared with other office developments in the area."

Ben Medhurst, director at PPH Commercial in Hull, who negotiated the transaction on behalf of the landlords, said: "It is great to see a local firm such as Dearing Plastics decide to relocate to Brough, carrying on a long tradition of manufacturing at the site."

So far £6m has been spent on regenerating the whole HEP site. It is estimated that 1,600 new and sustainable jobs will be created when the park is fully developed over the next three years.

Manufacturing News

Source article: http://www.hulldailymail.co.uk/

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