A Staffordshire-based chartered surveyors’ practice is expanding following a £35,000 cash injection from Michelin Development.
Stoke-on-Trent-based Mounsey Chartered Surveyors has already taken on three new employees, with further job creation expected over the next five years.
The Festival Park company specialises in commercial property services, including acquisition and disposal, valuation, lease and rent renewal and property management. It also carries out residential surveys and valuations.
Richard Mounsey, MRICS, founded Mounsey Chartered Surveyors in 2010 and the company mainly operates within the M6 Junction 14 to 16 corridor.
The company applied to Michelin Development to support ambitious growth plans. Michelin Development offers subsidised, unsecured loans of up to £50,000, for projects with the potential to create quality, sustainable jobs.
Mr Mounsey said: “When we took on the loan we employed seven people, but that has increased now to 10 in the last couple of months.
“We are having a good year, but it is forecasting that can be difficult. The support from Michelin Development has provided a safety net and comfort that we can utilise. Ultimately, it has enabled us to be confident and ambitious.
“The actual application process has also been very useful, as it helped us to review and look where we are going as a business.”
Mr Mounsey, who lives in Cheddleton in the Staffordshire Moorlands, attended Berry Hill High School and then went on to study Valuation Surveying at Staffordshire University.
He worked previously at a surveyors’ practice in Birmingham, before moving back to work in Stoke-on-Trent before setting up his business.
Mr Mounsey said that extensive local knowledge and market intelligence allowed the team to provide a tailored approach for each client.
Richard added: “Being in North Staffordshire is a great place for us, as we are gaining a reputation for being experts in this local area.
“We’ve got a great team here, who are mainly local, and a really good working environment.
“Our aim now is to double in size over the next five years, which will mean at least another four staff in the business.”
Mike Cole, head of Michelin Development, is keen to hear from other North Staffordshire businesses looking to gear up for the next stage of growth.
Mr Cole said: “Mounsey Chartered Surveyors is an example of a growing Stoke-on-Trent business, creating new jobs and underpinning the growth of the regional economy.
“Our message to other small businesses in a similar position is not to miss out.
“We have the funds in place, but we do need to receive applications to deliver this support and investment in our community.
“The companies we can help know their markets and figures. They just need a little extra support to move along on that growth journey, and that is where we can step in to help.”
To find out more visit www.michelindevelopment.co.uk