An Irvine based storage solutions firm has cemented its rapid expansion by moving into premises which are ten times larger than their current base.
Council Leader Joe Cullinane presented the keys to local business, Rackit, this week when they met to celebrate this latest milestone in the company’s successful journey.
The business will move from their current 3,500 square feet premises at Irvine Industrial Park into the brand new 35,000 square feet Gateway Building located within i3 – Scotland’s largest Life Science enterprise area – in the coming weeks.
The Council’s Business team has been supporting the firm for many years and helped them to secure the lease to the building.
Rackit was established in 2006 and provides its customers – from small office-based businesses to multinational global giants – with solid and innovative storage and handling solutions.
It has grown from a £1 million business in 2008, to £6.5 million in 2021, with plans to double this again within two years. As a result of their continuing growth, they expect to create 40 new jobs by the end of next year – with 12 new posts coming in the next few months.
With a company motto of ‘think global, act local’, they are committed to providing living wage opportunities for local people including apprenticeships in IT, warehousing, purchasing and supply chain. They are also investing heavily in digital processes and automation to meet evolving customer demands.
Rackit Group CEO and Founder, Jim Ferguson, said: “Rackit’s success has always been through its team members. Our customers consistently mention how the team out-performs our competitors in service levels, particularly in our installation projects, using our experienced in-house installation engineers.
“Our journey has seen Rackit become a main player both in Scotland and the rest of the UK, with most recent years expanding into Europe in a very big way. With this new facility becoming our European Headquarters, this will be a great support for our operations at our other locations in Glenrothes, Birmingham, Derby, London, Dublin and Amsterdam.
“The revenue streams that are now within the Rackit Group are expanding at such a rate, we feel the location and potential at i3 is perfect as we continue to grow and look ahead for additional accommodation in the years ahead.
“North Ayrshire Council has supported us tremendously and we could not be happier to invest here. We are not done yet as we continue our plans. We are really excited at what lays ahead in the next couple of years and beyond.”
Council Leader Joe Cullinane, Cabinet Member for Community Wealth Building, said: “We are absolutely delighted to mark this latest success in Rackit’s journey and to welcome them, as the first tenant, to the impressive Gateway Building at i3.
“The move will give them the space they need to continue growing, in a building that has been delivered to a high specification and boasts good energy performance. It will also offer them great flexibility as they continue going from strength-to-strength.
“They are a business that shares our values when it comes to Community Wealth Building and they are committed to providing local living wage jobs. We look forward to seeing what’s next for them.”
The Council is currently developing proposals to provide additional industrial and office space at i3 through the Ayrshire Growth Deal.
Any business interested in taking new space can register their interest at Graham and Sibbald on 01563 528 000 or firstname.lastname@example.org.