Friday, June 5, 2020

Manufacturer Hammonds extends lease to stay in Hinckley for 125 year term

Hammonds, the Hinckley-based fitted furniture manufacturer, has had its lease extended for a term of 125 years.

The Borough Council which owns the land on the Harrowbrook Industrial Estate on which the Hammonds’ manufacturing site is based, has leased it to the company since the 1970s.

Following a recent review, councillors agreed to extend the lease for a term of 125 years which will help to ensure the business remains on Harrowbrook Industrial Estate for the foreseeable future; as well as safeguarding valuable income for local taxpayers.

Hammonds was founded in Hinckley in 1926 and supplies fitted bedroom, kitchen and home office furniture to both the home improvement and new build markets.

It has 89 showrooms across the UK, and the purpose-built headquarters in Nutts Lane, Hinckley, makes more than 250 orders a day, distributed via 15 regional service centres.

Richard Hammonds, Group CEO of Hammonds, said: “Naturally we are delighted to have the lease extension agreed. As a Hinckley born and bred, third-generation business, this lease extension will ensure the company is able to confidently stay local, employing local people and designing fitted furniture for homes across the country.”

Deputy Leader of Hinckley & Bosworth Borough Council and Executive Lead for Planning Cllr David Bill said: “We are pleased to have been able to come to an agreement whereby Hammonds have been able to extend their lease, committing themselves to Hinckley and the local area. The company has ambitious plans for the future which can only be of benefit and a boost to the local economy.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

New ownership for Market Harborough ventilation, maintenance & hygiene company

System Hygienics, formerly the service arm of the Hotchkiss group - the largest duct manufacturer and installer in the UK – have new ownership,...

Construction of Kirkby’s new Leisure Destination takes a step closer

Plans to bring a new state-of-the-art leisure centre to Kirkby in Ashfield have taken another step forward. Ashfield District Council is seeking tenders from contractors...

Seven Derby managed workspace buildings to reopen

Connect Derby, the managed workspace provider, is reopening its seven buildings and services to tenants on Monday (8 June). Connect Derby buildings were closed at...

New tax director for Midlands accountancy firm

Midlands firm, Edwards Accountants, has appointed a new tax director as it looks to expand and diversify its offering to clients across the UK. Steven...

Northamptonshire fresh fruit giant maintains supplies with CLBILS loan

Fresh fruit company, Blue Skies, has secured a seven-figure loan from HSBC UK through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) to ensure...

Related news

Streets focus on job and employment schemes in latest business update

Streets Chartered Accountants provide details of changes to Coronavirus Job Retention Scheme including the introduction of flexible furlough in its latest business support update. As...

New ownership for Market Harborough ventilation, maintenance & hygiene company

System Hygienics, formerly the service arm of the Hotchkiss group - the largest duct manufacturer and installer in the UK – have new ownership,...

Construction of Kirkby’s new Leisure Destination takes a step closer

Plans to bring a new state-of-the-art leisure centre to Kirkby in Ashfield have taken another step forward. Ashfield District Council is seeking tenders from contractors...

Seven Derby managed workspace buildings to reopen

Connect Derby, the managed workspace provider, is reopening its seven buildings and services to tenants on Monday (8 June). Connect Derby buildings were closed at...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close