Aycliffe Steel company, Finley Structures, hope to regenerate a once thriving factory left dilapidated for years. The old Presswork Metals building on Aycliffe Business Park has fallen into a state of disrepair after being left to rot since the company closed four years ago.
Neighbouring firm Finleys, which specialises in steel fabrication, is branching out into the letting business after purchasing the 70,000 square foot factory.
Family-run Finley Structures, has bought the old Presswork Metals unit on Durham Way South, just a stone’s throw away from their main factory.
MD, John Finley saw the three-acre site as a prime investment location to refurbish the building, to sub-let a number of units to either the manufacturing or leisure industries.
The purchase comes as John Finley makes plans to develop another three-acre piece of land on Aycliffe Business Park and create 10 new-build units of varying sizes.
It’s a major development for Finley’s which was formed in 2000 and has a workforce of 50 plus a sister company, SCH Site Services, with 35 members of staff.
“It’s been a long-held vision of mine to develop the group of companies into other industries, and both these sites offer prime locations for new leisure or manufacturing units. With the purchase of the SCH Site Services site and these new developments, it would take our main five-acre plot at Finley Structures to well over 10 acres in total, which is a significant investment, but one we’re confident will pay dividends in the long-run.” said John.
Finley’s will consider all offers of development for the factory, including separating to accommodate smaller businesses. Any firms interested in letting the units can contact Finley’s on 01325 328120.
