12 October 2022
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From left, Karl Richardson, managing director at Logicool, Heather Wheeler MP, MP for South Derbyshire, Mel Howard, relationship manager at Lloyds Bank, and Gillian Richardson, customer service director at Logicool
Air conditioning and heat pump distributor Logicool is expanding its capacity to meet growing demand after purchasing a new site in Derbyshire.
Logicool has acquired the new 16,000sq ft property in Swadlincote, which is more than three times the size of its existing premises. It will enable the firm to hold up to 900 pallets of components for heat pumps and air conditioning units, over seven times more than its previous site.
As well as more storage space, the property will include display rooms to showcase the products and expertise it can offer, in addition to more office space. It will also enable Logicool to transform its existing premises into a specialist training centre for staff and clients. Logicool will also be using these resources to test new design ideas for heating, cooling and ventilation solutions and hopes to find innovative new climate control systems.
Logicool works with its customers to design energy-efficient heating and cooling systems tailored to their buildings, utilising the most sustainable technologies such as heat pumps and ventilation systems. By using heat pumps, the firm is able to help businesses reduce their energy input by up to 75% while delivering the same level of heating output.
The business used a six-figure finance package from Lloyds Bank to purchase the new site in order to increase its capacity to hold more stock in an effort to mitigate ongoing supply chain issues.
It has recently recruited two new members of staff and now employs 18 people in the area, with plans to take on two further employees over the coming months.
Karl Richardson, managing director at Logicool, said: “We’ve enjoyed consistent growth for a number of years now and we recognised that we needed to increase our capacity to meet this demand. When the opportunity to purchase this site came up we knew it fitted the bill perfectly and the support we had from the Lloyds Bank team meant we were able to get the deal over the line quickly.
“We’re only expecting things to get busier now more people are returning to offices and uncertainty remains over supply, so making this investment now will make sure we’re in a good position over the months ahead and beyond.”
Mel Howard, relationship manager at Lloyds Bank, said: “Logicool has gone from strength to strength and it’s a fantastic example of a local business that is thriving at the moment. Their expertise is also helping businesses across the region to transfer to more sustainable heating and cooling systems and improve their own sustainable credentials.
“It’s fantastic to see them expanding with the purchase of the property and we will work with them as they move into the site and look to keep their growth going.”
