Office investment adds up for accountants

A Warwickshire firm of chartered accountants has found the ideal location for its new head office with support from national commercial property consultancy Lambert Smith Hampton (LSH).

Magma Chartered Accountants has purchased 16 Davy Court – a 5,090 sq ft modern two-storey office building in Rugby – as a freehold investment.

The new headquarters is located at Central Park, the premier out of town office park, adjacent to the M6 Junction 1, which will significantly improve the company’s links to the wider Midlands region.

David Grove, senior surveyor at LSH’s Northampton office, said: “Magma Chartered Accountants has enjoyed a very successful period of business activity and the company was keen to find the right location to continue its expansion and expand their brand across the wider region.

“Davy Court is located off Castle Mound Way, which links with the M6 via the A426 Leicester Road, and is just two miles from the centre of Rugby. The property is a modern two storey detached office building with the benefit of 22 on site car parking spaces, and suits their purposes perfectly.”

Rugby-based Magma Chartered Accountants’ move follows a successful year for the firm. The 40-strong company secured a substantial number of new clients and completed 12 corporate finance transactions in 2012.

Mark Tuckwell, managing partner at Magma Chartered Accountants, said: “We serve clients around the country, but principally Midlands-wide. For those outside of Rugby, our accessibility has been hugely enhanced, despite the reality of having moved just two miles from the centre of the town. We see the new offices as a great step in our future growth plans.”

LSH is a national commercial property consultancy that works with investors, developers and occupiers across the public and private sectors, and it is single-mindedly focused on UK and Irish property markets.

Magma Chartered Accountants is a leading independent firm of chartered accountants and chartered tax advisers, providing a wide range of professional advisory services to owner managed businesses and private individuals.