The InBond Group, which serves clients including Tata Global Beverages, Next retail and the NHS, recently moved from Eaglescliffe to Malleable Way on Northshore, safeguarding 35 jobs.
The move, assisted by Stockton Council, followed a successful management buyout by Finance Director, Craig Rye, and Business Support Director, Phil Lyons.
And the pair have set their sights on growth, targeting an increase in turnover from £1.7million to £2.5million within the next 18 months.
“We’re delighted to be staying in Stockton,” said Phil. “Having being in the Borough for nearly 20 years it was important for us to keep the business here and the new premises allows us to be part of the exciting regeneration of the Northshore area. We now have an infrastructure that supports our future plans to develop the InBond brand within the region.”
Craig added: “We have been delighted with the support we have received from our valued client base and already we are seeing several opportunities that may not have existed previously. A special mention goes to HSBC and Endeavour Partnerships who have helped guide us through the last year.”
InBond has already been joined on Malleable Way by its strategic partner and leading UK road haulage specialist, ARR Craib.
Stockton Council’s Cabinet Member for Regeneration and Transport, Councillor Mike Smith, said: “We are delighted to have retained InBond in the Borough and look forward to seeing the business achieve its growth targets here in Stockton.
“I’m hugely encouraged that InBond’s management are keen to play a part in the regeneration of the Northshore area and the arrival of their partner firm to an office nearby is very encouraging indeed.
“It just shows that the presence of one good business can attract another, and it’s this magnetic effect that can make companies like InBond a really powerful catalyst in the regeneration of an area.
“Having assisted with the relocation process we are now working closely with InBond to help them access a range of training and development opportunities for their staff through the Tees Valley Workforce Skills project.”