Cinnamon marks Birmingham for expansion
Gateshead property law firm Cinnamon has earmarked Birmingham as an expansion destination. The growth plans were formed after the firm secured a £90,000 investment from Finance for Business North East Growth Fund.
The cash comes from the Finance for Business North East Growth Fund, managed by NEL Fund Managers, and aims to help build the Cinnamon brand across the UK.
The company wants to quadruple its £1m-plus turnover in the next three year, providing conveyancing services through a series of local partnerships. Cinnamon is targeting Birmingham, Bristol, South Yorkshire and the home counties in its bid for expansion.
Founder John Cook said: “We’ve done a lot of research into transaction levels in different parts of the country. Even taking a conservative view of what it still a relatively flat market, we can see a range of commercial opportunities for us to target.
“As well as offering a locally-based high quality service in the new markets, our structure means we will be able to compete very strongly on price as well, especially in the South.”
