A MAJOR employer in South Tyneside has confirmed it is to move its headquarters out of the borough.
Utilitywise, the fast-growing energy and water cost management consultancy, which employs more than 400 people in South Shields, is moving to larger premises at Cobalt Business Park, North Tyneside.
The firm is currently based at the former Garlands call centre in Long Row, Market Dock, South Shields.
Established in 2006 with just four employees at Team Valley in Gateshead, Utilitywise has grown to have 640 employees in the North East and 800 nationwide, making it one of the fastest-growing companies in the region.
The move will allow it to employ an additional 560 staff in the coming years as the company continues to expand.
All staff currently based at Utilitywise House, South Tyneside, will move to the new offices which, the firm says, can be easily reached by car and public transport.
More than 100 of its employees, or 17 per cent of its workforce, are from South Tyneside.
Chief executive Geoff Thompson said: “With more and more businesses, large and small, looking to become energy efficient, we are confident there is further growth ahead, and we are moving to larger offices to prepare for that expected demand.”
“We have enjoyed a period of rapid growth from our headquarters in South Shields, and have conducted a thorough evaluation of all of our property options in the region.
“We would like to thank South Tyneside Council for their support over the years.
“We continue to employ more than 100 people from South Tyneside, representing around 17 per cent of our UK workforce, and we remain committed to the North East region.
“This office move will prepare the company for future growth that will benefit the local economy with employment opportunities.”
The move follows financial results, which saw the company report a 105 per cent increase in revenue to £21m in January.