Stockton automotive group gears up for "ambitious growth" with headquarters acquisition
A North East digital marketing and automotive company has announced that it is poised for growth after purchasing its headquarters.
Colewood, which owns Colewood Digital and Colewood Automotive, has secured the purchase of its Bowesfield Park headquarters in Stockton-on-Tees from Banks Property.
The premises, which spans 4,800 sq ft at Kingfisher Court, houses both businesses and has been acquired for an undisclosed amount.
Travis Coleman, co-founder of Colewood, commented: “At Colewood, we are all very excited to have the opportunity to purchase our building.
“We have managed to successfully navigate the troubled waters of Covid, with positive year on year growth in spite of the challenging times.
“We have been on an ambitious growth profile for some time now and being able to expand out into the full building will allow us to recruit and grow in comfort.
“With our recent high level appointment of Chris Higgins as finance director (previously FD at KwikFit and Chargemaster) together with the recent launch of a partnership with Fleetcor, Colewood will see growth continue in double figures through 2021 and 2022.
“Having the space to facilitate this growth in comfort is a fantastic asset for the business as a whole.”
Jonathan Cooke, commercial manager at The Banks Group, added: “Colewood has made very impressive progress since moving to Bowesfield Park five years ago and we’re very pleased to have concluded a deal with a successful business that is keen to keep investing and creating jobs in the Tees Valley.
“Bowesfield Park’s proximity to Thornaby, Stockton, Darlington and Middlesbrough, its excellent transport links and the huge appeal of its highly-valued nature reserve all combine to make it a great place to both live and work.”
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