Lookers Newcastle office to close
20 January 2020
Lookers is closing its award-winning north east head office in Newcastle due to “extremely challenging market conditions”. Lookers inherited the Leopard House office on the Newcastle Business Park following the acquisition of Benfield in September 2015 for £87.5m.
In a statement, Lookers said headwinds over the past year have had “a significant impact” on trading performance. “Consequently, the Group has undertaken a number of difficult but necessary measures to operate a simpler organisational structure, with more discipline and efficiency.”
The Newcastle team is believed to number around 60, comprising marketing and PR roles. It had doubled in size since the Benfield acquisition. Last year, it was named In-House Marketing Team of the Year at the North East Marketing Awards. Accepting the award, group marketing director Heike O’Leary said she was “incredibly proud of my team here in Newcastle”.
Some duties at the Newcastle office are expected to be moved to Lookers’ Altrincham head office, 155 miles away in Greater Manchester. Lookers said “we will make every effort to support staff in finding alternative roles across the business where possible. We will be supporting all those affected throughout the process”.