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08/03/2016

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 Capital.

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 international business.

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 increasing.

“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 years.

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.

North East Growth Plus Fund