A company who specialise in precision software and part manufacturing solutions and works across the world with some of the biggest names in global manufacturing, has reaffirmed its commitment to its North East origin through purchasing its headquarters.
MSP, whose world-leading manufacturing technology is used on almost all seven continents, has bought the freehold of its site in Alnwick, the premises where it began life in 2002 and has grown to become one of the key names in advanced manufacturing internationally. Clients include Safran, BAE Systems and four leading Formula 1 teams.
The fast-growing company is the creator of the NC-Checker and NC-PerfectPart products, which have delivered significant time, cost and efficiency savings for major manufacturers around the world. Despite its global success, MSP has always remained deeply committed to its Northumberland origin, where founders Tony Brown and Peter Hammond relocated from the South to establish the company.
MSP’s purchase of its Greensfield Court premises confirms its long-term future in the town and its ongoing contribution to the local and regional economy as they continue to create jobs for local people and attract and retain talent in the North East.
Since moving into Greensfield Court in 2002, MSP has continued on an upward trajectory of growth through new client wins - which has seen the business achieve annual growth of up to 25 per cent every year since its inception. With this demand, ongoing product development and innovation is essential and its purchase of the site will allow space for further growth when required.
Through purchase of the building, MSP also becomes landlord to three existing tenants – Alnwick Farming Consultants, Scottish Woodlands Limited and Renal Services UK Limited - all of whom are set to stay for the long term.
MSP has bought the site from property company, Northumberland Estates. Northumberland Estates has worked in conjunction with its long-standing tenant to aid the purchase of the building to support local expansion and employment within the region.
Peter Hammond, technical director of MSP, said:
“Purchasing the Greensfield Court site means we can put down roots for the long-term in Alnwick, where Tony and I moved with our families back in 2002 to found MSP. Since then, we have achieved prominence on a global scale with an international client base and a strong and proven track record of achieving results, with cost savings routinely running into millions of pounds. Buying our headquarters lays down further foundations for our continued growth and is a very significant move for us. We are grateful to Northumberland Estates, with whom we have enjoyed an excellent relationship as our landlords, for the opportunity to buy our premises and pursue our ambitions further.
“We are very proud to be based in Alnwick and to create jobs for local people, as well as attracting talented people from across the UK or even overseas to come and join us here. We have a reputation as a ‘destination employer’ which offers an exciting skilled career in a fast-growing software business which operates on a global stage, while also giving the opportunity to live in the idyllic surroundings of Northumberland. Further strategic expansion is certainly on the agenda and we look forward to welcoming new additions to our team and to our newly-purchased Greensfield Court headquarters.”