200k funding seals HQ move for Jeremy McGinn
Fri, 17th October 2014

£200k funding seals HQ move for Jeremy McGinn

A Redditch estate agency has moved into larger premises in the town following an investment of £200,000 from Lloyds Bank Commercial Banking.

Through the financial package, Jeremy McGinn and Co has relocated to The Old Church, a converted church building in Alcester Street. It is a short distance from its original headquarters on Church Green East.

The purchase of the 4,800 sq ft headquarters was aided by Lloyds' participation in the government-backed Funding for Lending Scheme.

Established in 2009, Jeremy McGinn has a turnover of about £1.2m and five regional offices in Astwood Bank, Studley, Alcester and Stratford-upon-Avon and the new head office.

Following the move, the business has also outlined plans for further expansion and is looking to increase its current team of eight staff at the Redditch branch by 50 per cent, bringing the total number of employees across the five offices to 22.

Managing director Jeremy McGinn said: "This Lloyds Bank investment has enabled us to secure our move into larger premises, helping us to offer our customers a more convenient experience than ever before.

"The new office has been well received by our staff, thanks to the more spacious and comfortable environment that we now have to work in. This can only have a positive impact, and along with our plans to recruit more employees, we look forward to yet more growth in the future."

Mark Corfield, relationship manager at Lloyds Bank Commercial Banking, added: "At Lloyds Bank, we're committed to supporting the economic recovery by providing access to lending for businesses with ambitions for growth.

"The Funding for Lending scheme is an initiative which encourages the future expansion of the firm without impacting on its cash flow, and we're proud to have worked with Jeremy McGinn and Co on this exciting project."

PIC: Jeremy McGinn, Mark Corfield of Lloyds and Jeremy McGinn finance director Nick Archer

category Midlands  |  source Insider Media