The toy, book and gift supplier has opened a new facility on Edinburgh’s Albert Road to offer the business larger warehouse facilities.
Toy, book and gift supplier, Bookspeed, has enjoyed buoyant sales, with the company raking in just under £9 million in 2017, up from £6 million in 2015.
Thanks to this increase in growth, the firm is now set to double its operational capacity by investing significantly in additional warehouse facilities.
Bookspeed’s new facility on Edinburgh’s Albert Road increases operational space from around 13,500sq ft to more than 25,000sq ft.
“This new facility is integral to our plans for ongoing growth. In recent years, we have invested significantly in all parts of our business including our IT infrastructure which now allows us to operate out of the two sites concurrently,” said Lewis Dawson (pictured right), commercial director at Bookspeed.
“In 2015, we set out to double our turnover and have already surpassed growth expectations three years ahead of our plans and increased our team by 20 per cent to more than 40 staff.
“We have also grown our customer base and geographical reach across the UK, while continuing to work with long-term customers and trading partners. Our focus is to build on this success and continue to expand in the coming years as we add new ranges and exclusive non-book product lines to our portfolio.”
The company also witnessed rapid growth after choosing to enter the English and Welsh visitor and heritage markets.
Since this decision, the firm recognised its potential to apply it’s offering to the gift market across the UK.
Dawson added: “We believe the strength and longevity of Bookspeed’s business model has always been our highly-personalised and responsive service combined with the team’s industry insights and track record for being ahead of the game for up-coming trends and developing specially-tailored ranges.
“We have always maintained that the physical book has a bright future, particularly for our markets where books are purchased not just for their content, but for their design, format, colours and textures. Through adding gifts and toys to our more than 50,000-strong book range, we are substantially extending our offering.”