Engineering Room For Growth - Dave Cook Engineering Case Study
Case Study : Engineering Room for Growth - Dave Cook Engineering Ltd
Dave Cook Engineering Ltd is a manufacturer based in Spalding, Lincolnshire which has been trading for 17 years.
Instructed: January 2015
Building Found: April 2015
Completion: August 2015
Property: 6,395 sq ft industrial unit freehold
Dave Cook Engineering Ltd was renting an industrial unit situated on a farm site. Substantial business growth including an expanding client base and operation created a need to find larger premises. Key needs included moving from an open-plan working environment to a unit with separate offices to create defined work areas, allow private client meetings to take place more easily and provide extra room to grow. Parking for around 20 vehicles was also becoming an issue in the current building. Furthermore the company wanted to move from a leasehold to a freehold property in or near its current location at Spalding, Lincolnshire. Purchase price and ongoing business rates were also factors, along with an application for a grant to put towards the purchase of the property.
Jonathan Hand was appointed on the recommendation of Dave Cook Engineering's bank manager. Brought in at the start of the project, Jonathan Hand acted for Dave Cook Engineering by completing a commercial property search in Spalding and on finding a suitable industrial unit available on leasehold basis, approached the property owner's agent to explore whether the property could be purchased. Acting on behalf of the buyer, Jonathan advised Dave Cook Engineering on how to manage negotiations with the vendor while securing the available grant to ensure the best deal. The industrial unit, which is 6 miles north of Spalding, provides five separate offices, storage area, ample parking space and has prime building land for future development. The location also has the benefit of lower business rates.
"We didn't know anything about commercial property. Jonathan did the search and was very proactive. He also helped us handle some difficult discussions, particularly when we were trying to secure the grant and negotiate the purchase deal". Jon Cook, Managing Director, Dave Cook Engineering Ltd
Jonathan Hand and Jon Cook Managing Director of Dave Cook Engineering Ltd