Former EV Cargo site snapped up by Stonehouse company

Positioned a short distance from the M5 and close to Gloucester and Bristol, the depot was put on the market earlier this year with a £7.75m price tag.

Announcing the acquisition on LinkedIn, Smiths (Gloucester) said: “The rumours are true!

“We are ecstatic to share that Smiths has added another site to its group.

“Brook Farm at Moreton Valence, which has been home to the Downton family for many years and more recently occupied by EV Cargo, will be Smiths’ new home for a large part of its operations.”

It added that the company, which holds a licence for 137 trucks out of seven operating centres in the West of England, as well as a depot in Cardiff, was excited to get in and start making the site its own.

Brook Farm includes a 105,444sq ft two-bay warehouse, a 110m yard, offices, workshop and a lorry park.

It is 1.9 miles from junction 13 and 2.4 miles from junction 12 of the M5 accessed via the A38 Bristol Road.

Smiths is one of the largest construction and waste management companies in the South West and specialises in demolition, construction, asbestos removal, commercial waste management and transport and plant hire.

Its latest set of accounts, for the year ending 30 September 2023 showed that it made a £1.9m pre-tax profit on a £73.3m turnover.