One of the leading nightclubs in the party city of Newcastle has staked its place in the future with growth plans and a 150-year lease on its premises.
World Headquarters Ltd, which is based in Carliol Square, East Pilgrim Street, has announced a £200,000 investment, coupled with growth funding from Barclays, which enabled it to buy its ground lease from Newcastle City Council.
Tom Caulker, managing director, DJ and driving force behind the success of the business, said: “We’ve banked and worked with Barclays since 2002 and they have supported us both with the original move, the subsequent growth of the business and now the long lease purchase.
“We operate as a cosmopolitan and credible alternative to the city’s mainstream club scene and securing a new extended lease, means we can plan for the future with confidence and cement our existing reputation as a niche player, attracting a strong, loyal, local following, as well as the student market.
“All we’ve ever wanted is to offer a different take on how a nightclub can be run and what it can represent – our new 150-year lease now secures that!”
Caulker is well-known in the city’s entertainment sector, having run the Trent House pub on Leazes Lane for many years.”
Currently employing 25, it is envisaged that the World HQ club will expand on to another floor of the venue, creating up to 10 new jobs.
The club, which was established in 1993 and originally locatedat Marlborough Crescent, moved to its current Curtis MayfieldHouse base in 2002 where italso provides membership and operates as a private hire venue.
Daryl Peart, relationship manager at Barclays, said: “It’s great to support a company investing for the future and we are delighted in helping to secure one of the most iconic nightclub venues in the North East.
“World HQ has been at the forefront of the leisure scene for more than 21 years and continues to refresh and evolve for the next generation of partygoers.
“This is a great example of a well-run local business with a forward-thinking and ambitious management team and the future looks bright as it moves into the next phase of growth.”