110 year-old property firm gets funding for expansion
110 YEAR-OLD property consultancy Barnsdales has received funding to build a future on from Finance Yorkshire.
The firm is based in Doncaster and Sheffield with offices in Manchester, Lincoln and London. It was founded in 1905 as a family business, and covers chartered surveying, property consultancy and estate agency.
Barnsdales specialises in B2B transactions, working with banks, insurance firms, property development companies and pension funds.
The firm also has a property and facility management consultancy Barnsdales FM and an auction business, Regional Property Auctioneers, which has doubled in size year-on-year for the last three years.
Barnsdales has received funding from Finance Yorkshire, alongside ongoing support from Barclays, to accelerate growth plans into 2016.
Director and owner Jason Barnsdale said: “Our growth this year is around 20% up on 2014 and we are aiming for more of the same next year. The auction side of the business is on track to double its growth yet again next year, and the residential property management side is also growing quickly.
“We have recruited a number of new people and will be doing the same again in 2016. We have an incredibly strong team and we continue to both broaden our geographical reach and secure repeat business from clients.
“This funding from Finance Yorkshire, alongside backing from other parties, will play a vital role in fuelling our ongoing growth.”
Neil Bradburne of Barclays Bank said: “Barnsdales is a long established business with a strong track record and a commitment to ongoing development and expansion. This, together with a highly experienced management team, makes it an ideal investment prospect and we are pleased to offer our continued support.”
Finance Yorkshire investment manager Karl Hodson said: “Barnsdales weathered the downturn in the property market and has emerged stronger than ever. We are impressed by its geographical spread, in addition to its excellent team, and its long-standing reputation in the industry.
“We are excited to see the business continue to grow into 2016 and beyond.”
