The fashion and lifestyle retailer, Joules, has submitted plans for a new headquarters in Leicestershire, proposed for construction on Rockingham Road. Currently occupying 5 buildings, the retail brand is planning to consolidate its head office by constructing the new building; bringing all its operations together. The brand has done well over recent months and are using this to fund a new HQ in Market Harborough.
What Do They Have Planned?
Plans include the redevelopment of Compass House, their existing HQ, to provide over 66,000 square feet of office space to cater for the total capacity of 527 staff members by 2024. Upon completion, 435 employees are planned to relocate. Compass House was bought by the company last summer, for £4.4 million. These plans, drawing themes from the style of a traditional farmyard barn, will see partial demolition, development and extension of the existing building. The new head office plans propose grounds comprising of a kitchen garden within wildflower meadows. The site is to provide a car park catering for 180 vehicles using a design split over different levels.
In plans sent to Harborough District Council, the company pledged its hopes and drive to create a new modern headquarters where it has a deep-rooted history. The company was started in Market Harborough and they are keen for the town to continue to be their home for the foreseeable future.
Enabled by the plan for its new headquarters, its current and future workforce will benefit from enhanced facilities and working conditions.
How Are Joules Performing?
In recent years, Joules have consistently reported a rise in both sales and profits. Up until the end of May, they had pre-tax profits of £13m, an increase of 28.5% - no wonder they want to splash out on a nice new HQ!