Bluecroft, a bridging finance specialist headed by entrepreneur David Giovanni, is relocating its office. The company’s move from Washway Road in Sale to a 1700 sq ft office in Altrincham marks a significant milestone.
This change reflects Bluecroft’s rapid growth and the necessity for a larger space. The new office space also allows for future expansion, with the potential to double in size within the next year.
Bluecroft’s Relocation
A specialist in bridging finance, Bluecroft, led by entrepreneur David Giovanni, is relocating to a new office. The move will be from Washway Road in Sale to a 1700 sq ft office at Ambassador Place, Altrincham.
This shift is a response to the company’s rapid growth. Bluecroft’s current premises can no longer accommodate its needs. The new space also provides the option to double in size within the next year.
Team Expansion
Bluecroft’s workforce, currently at 14 members, is set to grow. The company plans to recruit three new personnel in the marketing and business development sectors next month.
David Giovanni expressed confidence in the company’s trajectory. He stated, “Having only started Bluecroft 18 months ago, we are on track to triple our size by the end of the year and so the move to Altrincham is much needed.”
Loan Achievements
The experienced team at Bluecroft has significant achievements under its belt. They have already loaned over £50 million.
Currently, the loan book stands at £15 million. This figure underscores the team’s dedication and expertise in the property finance sector.
David Giovanni’s leadership plays a crucial role in these accomplishments. His vision and commitment drive Bluecroft’s continued success.
Background of David Giovanni
David Giovanni is based in Hale and has a notable history in the property sector. In 2022, he and his business partner sold Ascend Estates to Gatehouse Bank for approximately £40 million.
Ascend Estates was a substantial enterprise. At the time of the sale, it managed 10,000 properties and employed 150 people across five branches.
The sale of Ascend Estates exemplifies Giovanni’s business acumen. It marked a significant milestone in his career and highlighted his expertise in property management.
Origin and Vision of Bluecroft
Giovanni launched Bluecroft at the end of 2023. His aim was to support business owners with short-term finance solutions, seeing both longevity and opportunity in this niche.
The company’s rapid growth since its inception reflects Giovanni’s strategic foresight. Bluecroft’s ability to meet market demands and provide effective finance solutions is a testament to its strong foundation.
Bluecroft’s vision revolves around assisting businesses in navigating financial challenges. Its tailored finance solutions aim to bridge gaps and facilitate commercial success.
Leasing and Office Space Details
The leasing deal for the new office at Ambassador Place was facilitated by RPS. They acted on behalf of Whitecroft SASS, the building owner.
The lease agreement spans ten years, with a break option at the three-year mark. This offers Bluecroft flexibility as it continues to expand and evolve.
Ambassador Place houses other notable occupiers. Companies like Forrest Recruitment and McQueens Dairies share the premises, adding to its business environment.
Future Prospects for Bluecroft
Bluecroft’s future appears promising. With the imminent move and anticipated team expansion, the company is well-positioned for continued growth.
Giovanni’s vision for Bluecroft is clear. He aims to sustain the upward trajectory and solidify the company’s standing in the property finance sector.
In conclusion, Bluecroft’s ambitious plans are well underway. With its new premises and impending team expansion, the company demonstrates robust growth and adaptability. As it moves forward under David Giovanni’s guidance, Bluecroft is set to make significant strides in the property finance sector.
