Fast-growing IT support company Littlefish has relocated to the Creative Quarter in a deal brokered by property specialists at NG Chartered Surveyors.
Littlefish is moving from its previous headquarters in Carlton, in a deal completed by Jonathon Seddon at NG on behalf of clients GW Price. Littlefish has taken 8,500 sq ft at 37 Stoney Street on a 10-year lease with an option to break after five years.
Jonathon said: “This is a large office letting in the context of the local Nottingham market and, particularly so, for the Lace Market. However, whilst the suite could have been easily split into two and my client had opportunities to let it out on this basis, they had the courage to hold out for a single occupier. It’s great that the Creative Quarter can now attract tenants requiring large suites of accommodation.”
Littlefish was formed in 2002 and was based at its current site in Olga Road in Carlton for eight years. Since acquisition by the current management team in 2010, it has have grown from a £1.2m turnover business with 20 staff to £6m today with more than 70 staff.
Whilst this has included the acquisition of a Service Centre operation in Greater Manchester, the majority of growth has been organic and serviced from its Nottingham HQ.
Littlefish’s growth is increasingly international, and they have recently launched a multi-lingual Service Desk service, manned from the Nottingham HQ.
Steve Robinson, Managing Director of Littlefish, said: “We had got to the stage where we were literally bursting at the seams and with a continually expanding pipeline, the new offices at 37 Stoney Street in the Lace Market will provide sufficient room for growth.
“This move lays the foundations for the next five years for Littlefish. Not only is it an exciting new home for our staff with new facilities following a complete refurbishment, but it also provides all important headroom for further expansion, enabling us to near double the existing Nottingham service capacity. We have designed a new break-out space for our staff that includes communal lounge, dining and games area. Games console and table tennis were high on the priority list for that all important down-time.”
Steve said it is important to be in the Lace Market to be in the mix of a central, vibrant local business community. He added: “The Creative Quarter location also provides the flexibility of using Nottingham’s increasingly accessible public transport links for many of our staff to get into work. All in all, we are very excited.”
Michael Price of GW Price added: “This is a great letting for us, and we are delighted to have such a dynamic and innovative company as our tenants. Jonathon at NG, as usual, is guiding us down the right track to obtain the best result for all concerned. Business is certainly picking up speed, in the Lace Market with GWP having 5 new signings this calendar year. We hope to continue, this run, with a suite of 1,400 sq f, which we are currently refurbishing.”
Lambert Smith Hampton acted on behalf of Littlefish in their search and acquisition of suitable office premises.