Floors 4 You buys Halesowen headquarters
Floors 4 You, the UK’s largest independent flooring specialist, has purchased the freehold of its Halesowen headquarters premises and is set to open a further 10 new sites across of the UK following £800,000 funding from Santander Corporate and Commercial.
Established in 2011, Floors 4 You has quickly grown into a leading national supplier of laminated, wood, carpet and vinyl flooring specialist.
The firm was started by Abdul Shakir and Yasir Mahkmoud, who have both worked in the flooring industry for the past 15 years, and remain the two shareholders of the company. The firm currently employs more than 100 full time staff, and has 25 sites across the country.
The funding from Santander Corporate and Commercial included a commercial mortgage, which enabled Floors 4 You to purchase the freehold on its site in Dudley Road.
The finance package will aid the opening of a further 10 new sites, located in Preston, Newcastle, Leeds, Sheffield, Oldham, Halifax, Cambridge, Basildon and two sites in Cardiff. The opening of the new stores will create a minimum of three new jobs at each site.
Mr Shakir said: “We have benefitted from strong growth in line with our expansion over the past six years, and by purchasing the freehold of our Halesowen site, we will be adding a huge asset to our portfolio. We look forward to seeing further growth and expansion as we prepare to open our next 10 stores. Dalia Ahmed, our relationship director at Santander has provided excellent service and ensured we completed the freehold purchase under tight deadlines."
Mr Ahmed said: “We’re delighted to have been able to support the team at Floors 4 You. The business has developed into a leading national supplier in just six years and we look forward to working with them as they increase their assets and expand their footprint.”