Supported by a six figure funding deal from Royal Bank of Scotland, the firm has acquired a prominent Victorian property on Billing Road which will provide plenty of additional space to accommodate its growing team.
Arranged over five floors, the 4,500sq ft property has been completely internally renovated by the accountancy firm since its acquisition. Kitchen areas have been installed on each floor, new bathrooms have been fitted and all fixtures and fittings have been replaced. The renovation work has been undertaken in a style sympathetic to the traditional features of the Victorian building whilst ensuring the offices are fully equipped with all the modern technology needed for the accountancy firm.
Cottons Chartered Accountants is one of the leading independent chartered accountants in the Midlands with offices in Northampton, Banbury, Daventry, Rugby and London. Established in 1983, the firm offers a range of accountancy services and ongoing business advice to companies in the local area, nationwide and internationally.
Growth at the firm has been particularly strong during the last two years with turnover expanding by 30% during this time. Five new members of staff are also set to join the Northampton team in July, increasing numbers across all offices to 75. In May 2017 Cottons launched a brand new office in London as part of its expansion strategy. The firm is focussed on continuing to achieve growth across all offices of at least 10% each year for the next three years.
Nick Warne, Managing Partner of Cottons Chartered Accountants, said: “We are really pleased with the new offices. They have provided us with the necessary additional room to house our growing team and offer scope for future expansion too.
“This is a really exciting time for our company, we have experienced very positive growth during the last two years and are focussed on continuing to expand in the future. The launch of our practice in London marks a major step in the company’s history and we are really pleased with the success it has had in the short period of time it has been open.
“The support we have received from our bankers Royal Bank of Scotland and in particular our Relationship Director David Ingamells has been excellent. He has worked with us closely throughout the acquisition process, ensuring that the necessary funding was in place and provided excellent support.”
David Ingamells, Relationship Director, Royal Bank of Scotland, said: “I am pleased that we have been able to support Nick and the team at Cottons with funding for the new premises. The firm has experienced a fantastic rate of growth during the last couple of years and the new offices will provide plenty of space to accommodate the expanding team.”