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Taylors Solicitors Assists Globaltex Limited

in Premises Expansion to Support Company’s Growth

» Posted on: 1 July 2013

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The Commercial Property team at Taylors, the North West commercial law firm, has acted for its longstanding client, Globaltex Limited, in a property purchase to extend its business premises.

The family-run business, which trades as Clarke & Clarke, designs and distributes high quality fabrics and wallcoverings and is internationally recognised as one of the leaders in the world of home fashion. Its designs regularly appear in home furnishing features in the press and in lifestyle magazines and editorials, including Country Living, Ideal Home and Country Homes & Interiors.

The company's recent property purchase and acquisition of the freehold of its existing premises and the adjoining unit at The Madison Centre in Haslingden comes as a result of an expansion of the business following increasing demands for its products.

Lee Clarke, Managing Director of Globaltex, commented, "The additional premises will allow us to service our customers quickly and efficiently. We will also be improving our systems by installing specialised textile machinery, updating our software systems and radically changing the way we logistically operate, as well as increasing our staffing levels to allow us to cope comfortably with the growth”.

“By purchasing the adjoining unit, we can now confidently take on the additional orders from our customers and ensure that Clarke & Clarke is well equipped to meet the demands put on the business both in the short and long term”.

Colette Johnson of Taylors Solicitors, said, "We were delighted to work with Lee on this transaction and to help support the company's growth. It is genuinely pleasing to see a local based family-run manufacturing business thriving in its sector and we wish them every success for their continued growth".

"Taylors has acted for Globaltex for a number of years; the firm's specialisms are not only in working closely with owner-managed businesses, but also those trading in the manufacturing and textiles sectors; so the firm is perfectly placed to support the Globaltex team".

Philippa Moors, Relationship Director at Barclays Corporate Bank in Manchester, who funded the transaction, commented, “Globaltex is a longstanding client of Barclays and we are continually impressed by the business and the increasing popularity of their brand, Clarke & Clarke”.

“The funding from Barclays allowed the property purchase to take place under the Funding for Lending Scheme thus reducing the cost of the loan to the business”.

Tony Totham, Partner at Hayes & Co Chartered Accountants in Blackburn, said, “We have worked with Lee since the business was established and are delighted to see the continued growth and development of the business leading up to the need for the new premises. We are pleased to work closely with Lee on both this project and with the further development of his business”. 

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