Source - LSE Regulatory
RNS Number : 1442H
Sanderson Design Group PLC
18 March 2024
 

18 March 2024               

                                          

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

 

Head office move to Sanderson's historic site in West London  

Relocation to Voysey House in Chiswick creates a strategic London base for the Group whilst returning the Sanderson brand to its former home

 

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, is pleased to announce that its head office will move later in 2024 to West London to a listed building that opened in 1902 as a wallpaper factory for Arthur Sanderson & Sons, the forerunner of the Group's Sanderson brand.

The Group's head office, which includes approximately 80 staff in design, sales, marketing, finance and administrative functions along with the Sanderson and Morris & Co. archives, will move to Voysey House, in Chiswick, in the Summer 2024 following the signing of a 10-year lease.

Voysey House, originally known as the White Building, is Grade II* listed and was designed for Arthur Sanderson & Sons by the celebrated Arts & Crafts architect and designer CFA Voysey. After its time as a wallpaper factory, there were many alterations before Voysey House was converted into five floors of office space in the late 1960s. The building, totalling 16,000 sq ft, has recently been completely renovated, taking it back to its original design ethos whilst significantly improving its environmental performance.

The fit-out of the building to the Group's specification is currently underway and it is envisaged that the building will include showroom space, a design hub and events location as well as housing the Sanderson and Morris & Co. archives and head office functions.

The move is expected to be cost neutral on a run-rate basis owing to Voysey House being a smaller building than the current headquarters and reducing the Group's requirement for showroom space elsewhere.

 

Lisa Montague, Sanderson Design Group's Chief Executive Officer, said: "This opportunity to move our head office to London will bring important strategic benefits for the Group whilst being cost neutral. At the same time, it is a privilege to be returning the Sanderson brand to Voysey House, a former Sanderson wallpaper factory and the brand's original home.

"Locating the Group in London will support the sales and marketing of Group brands, better showcase the Sanderson and Morris & Co. archives and assist in attracting and retaining talent. We are planning to create an exciting showroom, design hub and events space, which will also reduce our requirement for external showroom space.

"Voysey House is a building of huge historical relevance to Sanderson Design Group. We look forward to moving into the building in the summer this year and to marking the start of an exciting new chapter in the Group's development."

 

For further information:

Sanderson Design Group PLC

c/o Buchanan +44 (0) 20 7466 5000

Lisa Montague, Chief Executive Officer


Mike Woodcock, Chief Financial Officer



 

Investec Bank plc (Nominated Adviser and Joint Broker)

+44 (0) 20 7597 5970

David Anderson / Ben Farrow / Lydia Zychowska


 

 

Singer Capital Markets (Joint Broker)

+44 (0) 20 7496 3000

Tom Salvesen / Jen Boorer / James Todd

 

 

 

Buchanan

+44 (0) 20 7466 5000

Mark Court / Sophie Wills / Toto Berger / Abigail Gilchrist


SDG@buchanan.uk.com


 

 

Notes for editors:

About Sanderson Design Group

Sanderson Design Group PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives licensing income from the use of its designs on a wide range of products such as bed and bath collections, rugs, blinds, tableware and apparel.

Sanderson Design Group's brands include Zoffany, Sanderson, Morris & Co., Harlequin, Clarke & Clarke and Scion.

The Company has a strong UK manufacturing base comprising Anstey wallpaper factory in Loughborough and Standfast & Barracks a fabric printing factory, in Lancaster. Both sites manufacture for the Company and for other wallpaper and fabric brands.

Sanderson Design Group employs approximately 600 people, and its products are sold worldwide. It has showrooms in London, New York, Chicago and Amsterdam.

Sanderson Design Group trades on the AIM market of the London Stock Exchange under the ticker symbol SDG.

For further information please visit: www.sandersondesigngroup.com

 

 

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