Pearson are moving up in the world
Specialist international removals business, E Pearson and Sons
(Teesside) Ltd (Pearson), is aiming to more than double turnover in
the next few years after receiving a six-figure investment from FW
The Middlesbrough-based company, which next year celebrates its
centenary, is already a clear market leader with the country’s
largest single-site fleet of international removals vehicles.
The company has two divisions - Pearson Home Moving provides
international home removals for corporate clients and Pearson Sales
is a brokerage business for international home removals.
Turnover is growing and it currently employs 77 people
nationally – 61 in the North East.
FW Capital’s loan will help the company expand, recruit 27 new
sales and operational staff, rebrand with a new corporate image and
implement new IT processes.
Pearson’s Executive Chairman, Stephen Hayward, said: “Our
philosophy has always been to be the best international removals
company in the business and this remains true today.
“We’re operating in a growing marketplace with demand for our
services increasing. We’re helping more and more people move home,
driven by our passion for customer care and attention.
“We’re aiming to more than double our turnover from £8.1m to
£16.8m over the next three to four years and FW Capital’s
investment will underpin our expansion.”
The Pearson Home Moving fleet works for some of the world’s best
known relocation companies; including Pickfords and Crown
Relocations and has an excellent reputation for delivering high
quality service, reliability and on-time delivery. They’ve also
helped move several sports stars and other celebrities.
To spearhead its expansion the company recently commenced
rebranding its fleet to help progress Pearson’s flourishing
FW Capital Investment Executive, Keith Charlton, said:
“Pearson’s management team is highly experienced with a proven
track record and many years’ experience in the industry. The
company has been growing successfully and is now a leading
international removals business and demand for their services is
“Our loan will be instrumental in the company’s expansion over
the next three years and we’ll be working with the management team
to ensure they strengthen their position in this growing
international market place.”
The worldwide recession affected the market with many
international businesses deferring the relocation of employees.
However Pearson saw the market start to improve in 2014 and they
are confident of strong incremental growth over the next few
The funds for Pearson came from the North East Growth Plus Fund
which is managed by FW Capital. The fund can invest between
£350,000 and £1.25m in a single round in established,
revenue-earning businesses based in the North East.