Wirral Council Supports Local Business Expansion with Industrial Unit Acquisition

Strategic Insights -

Wirral Council has issued a press release regarding the sale of three industrial units to a specialist structural timber company, SticX Limited, which is based in Wirral and operates throughout the UK. The company, which currently employs 48 people, plans to increase this number to 76 by 2031 as a result of its expansion. SticX Limited offers a range of timber framing solutions, including open panel frames, pre-insulated panels, metal-web joists, and roof trusses, among others. The acquisition of the industrial units will enable the company to expand its operations and increase production capacity.

Key Takeaways:

  • Wirral Council has sold three industrial units to SticX Limited, a specialist structural timber company, to facilitate its expansion plans.
  • The company plans to increase its workforce from 48 to 76 employees by 2031 as a direct result of its expansion.
  • SticX Limited offers a range of timber framing solutions, including open panel frames, pre-insulated panels, metal-web joists, and roof trusses.
  • The acquisition of the industrial units will enable the company to increase its production capacity.
  • Leader of Wirral Council, Cllr Paula Basnett, has welcomed the sale of the assets, citing the benefits of helping a local business expand and bring about new jobs and opportunities locally.
  • Cllr Mike Wharton, Liverpool City Region Combined Authority Cabinet Member for Business, Investment and Trade, has praised the company's expansion and creation of new jobs.
  • SticX Limited has been supported by the Council's Economic Growth Service and the 14-19 Team, who helped the company recruit a trainee designer and access incentives through the UK Freeport programme.
  • The company has won an Inspiration Award at Wirral Council's Children Looked After and Care Leaver, Success and Achievement Awards.

Statistics:

  • The company currently employs 48 people.
  • SticX Limited plans to increase its workforce to 76 employees by 2031.
  • The company will increase its production capacity as a result of its expansion.
  • Wirral Council will receive income from the sale of the assets.
  • The Liverpool City Region Freeport has committed £194m to investments since its formal designation in December 2022.

Sources:

  • Wirral Council, UK Government
  • Liverpool City Region Combined Authority