Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Auto Fasteners takes another three units in Southam

The Business Magazine article image for: Auto Fasteners takes another three units in Southam
13 May 2024

A leading global supplier of fasteners and metal engineered components to the automotive has taken 15,000 sq ft of extra space at a new Southam industrial scheme.

Auto Fasteners, which already has five units in the Warwickshire town, has signed a 10-year lease on a trio of units at Sucham Park to support its continued expansion.

They’ll provide warehouse, assembly, quality inspection and office space for the business, which supplies parts to Volvo Group, Scania, Daimler Group, Ford, Stellantis, VW Group, Aston Martin and Jaguar Land Rover.

Formed by Scott Simpson in 2007 before moving to Southam in 2011, Auto Fasteners is a major international exporter, with 90 per cent of its business occurring overseas.

“We’re growing with our long-term customers and gaining new customers too, which has contributed to year-on-year turnover growth and a need for more space to support our expansion”, said Scott.

“It gives us the option to keep expanding and explore new opportunities. We have business in North America, Brazil, India, Japan, and all over Europe.

“We’re currently going through the process of opening a facility in North America, but our headquarters will always remain here in Southam.

“The location of Sucham Park is perfect for us – it’s a stone’s throw from our existing space in Southam and the units are a good size for what we are looking to do.”

Auto Fasteners is the second business to lease space at Sucham Park, featuring nine units ranging from 1,900 to 15,000 sq ft in size.

The park – based at Holywell Business Park, which in turn forms part of Kineton Road Industrial Estate – is a 42,200 sq ft scheme from Warwickshire Property & Development Group (WPDG).

Stuart Buckley, managing director of WPDG, said: “Sucham Park has been built to provide high-quality space to enable businesses to continue to grow and thrive in Warwickshire.

“Auto Fasteners are a perfect example of this, and it’s fantastic that they’ve expanded their presence in Southam with this new deal.

“We’re continuing to see significant interest in space at Sucham Park as it develops into a hub for business in Southam.”

Cllr Peter Butlin, deputy leader of Warwickshire County Council and portfolio holder for finance and property, added: “It’s great to see that Sucham Park is the preferred location to support the local growth of Auto Fasteners and pays testament to the hard work of WPDG.

“Sucham Park is a brilliant example of a high-quality development that provides expansion potential for companies and employment opportunities for local people.”

Bromwich Hardy has been appointed to market the units at Sucham Park to prospective tenants and completed the lease.

Mark Booth, surveyor with the Coventry-based commercial property specialist, said Sucham Park had generated huge interest.

“This is exactly the sort of high-quality commercial space the region needs, and it’s great to see a thriving company like Auto Fasteners expanding its operation here”, he said.

Andrew Jones, partner at Leamington law firm Wright Hassall, advised on the lease on behalf of WPDG, with Auto Fasteners represented by Thomas Flavell & Sons Solicitors.

Andrew said: “We’re extremely pleased to support WPDG on its very first industrial scheme.

“There is significant demand for this size of unit from SMEs across the area, and it’s fantastic to see WPDG helping to fill this gap in the market.

“We’d be delighted to see more of these types of developments come to fruition across the region to support businesses and the growth of our economy.”


Share 

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

Latest deal ticket

All deals

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
crossmenu