Property management firm builds for expansion with new funding deal
A Doncaster-based property management company is aiming to expand and increase turnover after securing new banking facilities and funding with Barclays.
Established in 2009, Inspired Property Management has a turnover of £2.3m and anticipates that this will exceed £3.5m by 2020.
Based at Malton Way, Adwick-Le-Street, Doncaster, and launched by entrepreneurs David Poppleton, Andrew Poppleton and Danielle Parker, the firm currently employs 80 people but expects this to increase quickly with its expansion plans.
Chris North, the Barclays business manager who put together the funding package for the deal, said: “It’s been an exciting time working with David and the team, supporting their expansion plans with the additional site which will provide them with the ability to recruit more staff and take on new clients.
“We’ve been able to provide a suite of products tailored to the company’s needs which will not only enable them to expand but also reduce their outgoings and enable easier management of their finances.”
The current management portfolio consists of over 425 properties nationwide containing over 10,000 leasehold properties under service charge management and a further 8,000 units under ground rent management with both divisions of the company expected to increase by 50% within the next 24 months.
David Poppleton, managing director of Inspired Property Management, said: “We’ve been a fast growing company since our launch and we had already expanded into an office in Waterloo, London along with a second neighboring building in Doncaster, but again quickly outgrew these premises and needed to secure further new premises to meet demand.
“Chris and his team were able to move quickly so we could secure another neighboring building to continue with our growth plans and we were so delighted with the deal and speed of the decision that we’ve now moved all our main banking across to Barclays. We plan to continue expanding, contributing to the local economy and creating more new jobs.”
