A document storage company is expanding its depot by 250,000 cubic feet, the Scotsman newspaper has reported.

Store-Rite, part of the growing market for storage space, will pump £500,000 into near-tripling the size of its base in Denny.

Additional storage will be designed and built by Dunfermline-based Cameron Harris.

Managing director Fraser Morrison and his brothers Alistair and Kenneth created the storage company after their underwear production business Maid-Rite lost out to cheaper labour costs in China.

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Maid-Rite had more than 300 staff at three Falkirk sites.

But Frazer admits the savings to be made on staffing costs were "massive" when companies sent their factories abroad – MaidRite shifted production to Morocco but ceased trading in 2008 after cost pressures nearly pushed them into moving again.

The Store-Rite workforce currently stands at just five, but the Morrisons hope this will keep them safe from foreign competition.

Fraser said: "Sadly, document storage will never be a massive employer of staff" but he explained: "We wanted to work in an industry where we couldn't be undercut again by companies in the Far East. A business operating in Glasgow or Edinburgh isn't suddenly going to start storing its documents in Beijing."

The family business turned to renting out its factory by the cubic foot, and now counts law firms, architecture practices and accountancy companies among its clients.

(NE)