The company has agreed terms for suitable premises in both towns, and has recruited staff to work in each location. Both offices will open during the first week of January 2006.
The announcement follows the successful flotation of the company on AIM last month. The float was oversubscribed beforehand, and on the day of flotation (23 November), shares rose in value from 3p to 4.25p. The company is thought to have become the first packager of secured loans and mortgages to the non-standard market to be floated on AIM.
David Gammond, executive chairman, stated: “These new locations form the second phase of our expansion plans following the opening of our branches in Oldham and Darlington. We continue to believe that local offices are the best way to service our customers, and we’re now also considering locations in Wales and Scotland.”
