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New HQ for IronmongeryDirect

Online and mail order trade supplier of ironmongery products IronmongeryDirect is moving into new premises after securing a seven-figure finance package from Santander Corporate Banking.

The new base at Scimitar Park in Basildon, Essex, covers more than 50,000 sq ft and will enable the company to increase its selection of products while boosting efficiency by centralising stock.

Wayne Lysaght-Mason, managing director of IronmongeryDirect said, "The breadth of our product lines and our customer service ethic is vital to our customers.

“Our new purpose-built environment means the layout of the business is optimised to help build in further operating efficiencies.

“It also allows us to maximise our already award-winning customer service offering. The move puts us in a strong position to continue our six years of consistent growth.

In its half-year results the firm posted a turnover of £7.1 million, up from £5.7 million for the same period in 2010.

Operating profits for the first half of 2011 increased by 40 per cent to £750,000 compared with £500,000 in 2010.

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