Major Greenwich employer goes under
A company in operation since 1796 with a large factory on Greenwich Peninsula has gone under.
Spicers was part of a group with 1,200 employees that supplied office furniture – and that’s not a healthy market right now. Though they were already in trouble and seeing losses before March 2020.
I stumbled on this story while looking at plan for 1,500 homes at the adjacent Morden Wharf site in Greenwich.
To the rear of the site away from the Thames remains a large number of industrial buildings and I wondered who operated them – and what chance residential buildings would possibly encroach in coming years.
Anyway, the very first building I looked up – and one that is large in size and a modern structure – was the Spicers distribution depot. I googled them and the found their website had no security certificate. Odd I thought, but recent events help explain why.
The company recently saw a 50 per cent decline in sales before going under in May. An auction was recently held for branding and copyright ownership. Some other parts were sold such as OfficeTeam who may retain a presence though its early days. Their Facebook account went quiet three weeks ago.
What the future holds for the site; who knows? Housing is possible years down the line if OfficeTeam dare not to take on the entire site, but it would take changing the status of land. Anyway, housing may be slow to rise next door. Developers of Morden Wharf announced job cuts this week totalling 13 per cent of employees.