A growing Bedale business is celebrating completion of its tenth Baytree Interiors shop – the third it has opened this year helped by Yorkshire property lawyers Clarion.
Located in the Metrocentre, the latest retail outlet is part of the company’s ambitious plans to establish a chain of 15 shops by the end of 2016.
From modest beginnings as a small family business founded in 1975 by Graham and Joan Hill, an importing empire has evolved. The Hills’ son, Nik joined the company in the late 80s and quickly discovered that sourcing new and exciting products in the Far East was the way forward. He rapidly grew the business and the Baytree Interiors brand was developed, offering a diverse range of furniture, gifts and interiors accessories.
The company recently completed a new extension to its 100,000sq ft head office and warehouse to enable it to accommodate the growing brand, also creating 10 new jobs at the Bedale, North Yorkshire, headquarters which now boasts over 40 staff. The company is on target to reach a turnover of more than £7.5m this year and employs an ever increasing staff of more than 120 people in total.
“This year we celebrated the 40th anniversary of the business and we’re proud that 2015 also saw another major investment in our warehouse as well as our staff headcount passing the 100 figure milestone and the continued expansion of our retail outlets,” comments Nik Hill, managing director. “Having built a business based on our ability to source unusual products direct from suppliers in the Far East at competitive prices, we have taken this concept a stage further by developing our own retail offering.
“Already, Baytree Interiors accounts for about a quarter of our business and we believe it has huge potential – we have seen 26% growth year on year in retail and, with our three new shops in Ilkley, Middlesbrough and the Metrocentre, we expect the trend to continue. We are actively looking for further new sites and plan to open another five shops by the end of 2016. We have also seen significant growth in our online business which is on target to contribute £700,000 to our turnover this year, bringing revenue from retail to £2.2m.”
Baytree Interiors also has outlets in Knaresborough, Harrogate, Northallerton, Halifax, York and two shops in Whitby.
Our property team have worked with the company for the last three years, primarily providing legal advice around the acquisition of new retail units, property transactions and lease renewal negotiations as well as using its debt recovery services.
Nik comments: “Martin Grange and the team at Clarion are fantastic – they’re so friendly and easy to deal with, there’s always someone at the end of the phone whenever I want some advice. I love the fact that they’re accessible, enthusiastic and see their role as being quick problem solvers, their help and support have almost made them part of the Baytree family!
“Clarion is the antithesis of a traditional, stuffy law firm – from their vibrant offices to their friendly and expert team, they’re great people to do business with and have made it possible for us to build our retail outlets so quickly.”
Martin Grange, partner and head of Clarion’s property team, said: “It’s really satisfying to work with a well-established Yorkshire business which has the vision to use its expertise to explore the market in a different way. The company has made significant investments in expanding its premises, acquiring new Baytree Interiors outlets and growing its team in order to support its ambitious plans to build a 15-strong retail chain by the end of next year. Despite a tough market, they have proved that it is still possible to grow a flourishing retail offering on the high street.”
Can we help you? Call Martin Grange on 0113 336 3310 or email email@example.com. Please visit www.clarionsolicitors.com for more information.
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