Cardiff-based corporate finance specialist has more than tripled its office space after relocating its expanding team to new premises to accommodate its ambitious growth strategy.
Lexington Corporate Finance, which provides advice on company sales, debt and growth funding and mergers and acquisitions, is moving to a three-storey building on Columbus Walk – just minutes away from the capital’s city centre.
The 3,000 sq. ft office has been secured by Lexington’s shareholders as part of its ambitious expansion plans, having outgrown its previous office on Windsor Place, where it was originally established seven years ago.
Having bolstered its headcount to 12 in recent months, the new space will have room to more than double the size of the business as the firm continues its recruitment drive to provide continued support for businesses across the UK.
The new working space has been designed by Bbi, one of the UK’s leading office fit-out specialists, with an open-plan design, hot desking ability and meeting areas to encourage collaborative working.
Gary Partridge, managing director at Lexington, said: “As we came out of the pandemic, we quickly realised that our previous office was not going to be fit for purpose for our growing team. In our new headquarters, we’ll easily be able to accommodate our planned expansion in the team which will be crucial as we continue to grow and diversify our client base and services.”
Lexington is looking to capitalise on its strong growth figures for 2021, that saw it advise on more than £160 million of transactions. Examples included the acquisition of Cardiff-based tech firm DevOpsGroup by Nasdaq listed Amdocs and the investment in Victorian Sliders by BGF.
The firm also saw awards success, being recognised as a “Fast 50” growth business in Wales, as well as winning the “Corporate Finance Advisory Team of the Year” at the 2021 Wales Dealmakers Awards, while director Thomas Edwards was named “Emerging Dealmaker of the Year” at the same awards.
Mr Partridge added: “It’s an exciting time for the business. We have grown significantly over the last two years to become one of the largest independent corporate finance specialists in Wales, with key appointments and award successes to boot. We’re all excited to see what this next chapter will bring for Lexington and we have built a great team that we are really proud of.”
Savills and Brinsons acted as property agents on the acquisition of the new office, while legal advice was provided by Geldards.