Hinckley & Rugby Building Society is planning to relocate its Hinckley head office to the town’s former Magistrates Court building on Upper Bond Street.
The Society has outgrown its existing HQ, also on Upper Bond Street, and is aiming to move into its bigger and more modern building during late 2018.
The number of staff at Hinckley & Rugby’s head office has doubled since January 2010 from 50 to the current 100. With more expansion targeted it needs the extra space in the almost 20,000 square feet of the Magistrates Court building.
The new HQ would be a third bigger than the current one, which the Society moved to in 1970 from its previous base at what is now WH Smith on Castle Street. At the same time the Castle Street branch also moved to its current location.
Hinckley & Rugby has agreed to purchase the freehold property from the Homes & Community Agency. The purchase is dependent on obtaining permission from Hinckley & Bosworth Borough Council for a change in use from courts to financial services offices. Built in 1999, the property stopped being used for court hearings in 2016.
Andrew Payton, finance director at Hinckley & Rugby, said:
“We’ve been looking at several potential sites for a new HQ and the former Magistrates Court stood out thanks to its location, its presence in the town and the potential in the building.
“It would give us the opportunity to expand and to provide much better meeting rooms and other facilities for our growing teams. The job of converting it into a modern office would be quite a big one, but the result would be excellent.
“This is exciting news that comes at a really good time for the Society when we’re growing and providing even better customer service.
“The introduction of a new brand and the transformation of our branch network in recent years was a huge success. Our new head office would achieve the same high standards and would be a prestigious place for our dedicated staff to work in.”
If change of use permission is granted and the purchase goes ahead, all Society staff will be invited to have a say in the sort of layout and facilities they want to see.