One of the UK's largest manufacturers of wall art and clocks will move into a new headquarters in Borehamwood later this year.

Founded in 1987, Brookpace Lascelles produces more than 100,000 reproduction artworks and wall clocks from its workshop in north London each year.

The family-run business, whose global customer base includes museum gift shops and retailers including John Lewis and Wayfair, has received a welcome boost in the current climate after securing a £1.2 million loan from Lloyds Bank.

The funding has helped Brookpace Lascelles, currently based in Brent Cross, buy a new 5,500 square foot premises in Warwick Road, with renovations expected to be complete by the autumn.

The new warehouse will be tailor-made for the business, with planned works to include removing and raising the roof to create an additional floor, expanding the overall floor space to 9,500 sq. ft.

It will feature an innovative factory floor layout with bespoke workbenches and a new system that the company believes will boost production by up to 50 per cent.

The business also plans to introduce a number of eco-friendly measures, including the addition of solar panels and a more energy-efficient heating system.

Brookpace Lascelles, which currently employs 15 staff, believes the investments will boost turnover by up to 50 per cent, creating up to 5 new jobs during the next twelve months.

Brookpace Lascelles is a manufacturer of wall art and clocks

Brookpace Lascelles is a manufacturer of wall art and clocks

Gerard Bendien, managing director at Brookpace Lascelles, said: "For almost 35 years we've put great design and quality at the heart of our business, helping us to grow a loyal family of customers around the world.

"The move to our new headquarters will give us the space to continue growing and providing our customers with the very best products to add style, glamour and luxury to their interiors.

"The support we’ve received from Lloyds Bank has helped us position ourselves for growth and allowed us to take that next step in our development journey."

Ben Clarke, relationship manager at Lloyds Bank, said: "Brookpace Lascelles stands for more than three decades of quality British manufacturing and it’s fantastic to see the business continuing to find new avenues for growth.

"This latest investment will be transformational in giving the firm the headroom to continue expanding and building on its existing reputation for excellence.

"Lloyds Bank is working closely with businesses across the UK, providing the tailored funding and support they need to continue navigate the months and years ahead."