Pictured: Nigel Collins, owner of Collins Hart and Peter Taylor, relationship manager for Lloyds TSB Commercial

An accountancy practice in Birmingham has expanded and moved to new premises after receiving a £290,000 loan from Lloyds TSB Commercial.

Collins Hart is an independent firm of chartered accountants, tax specialists and business advisers which provides professional advisory services to a range of SMEs and sole traders located across the wider Midlands area.

Having been based in Sutton Coldfield since the company was established in 1995, Collins Hart has now relocated to newly refurbished offices situated in the lodge building located in the grounds of 16th century Castle Bromwich Hall. The move will help to facilitate Collins Hart's ambitions to expand their current client base with services ranging from inheritance tax planning, tax returns, annual accounts preparation and auditing.

After approaching Lloyds TSB Commercial to secure lending support, £290,000 has been invested to facilitate the relocation and refit of the new premises.

The business, which is headed up by Nigel Collins, currently employs seven people, but hopes to increase head count in the near future with a particular emphasis on the recruitment of professional staff. 

Nigel's son John is now also a practicing accountant with Collins Hart, after he joined the firm just over a year ago. John completed his accountancy training with KPMG and his appointment offers succession planning to the practice as it continues to grow and expand its client base.

Nigel Collins, owner of Collins Hart, said: 

"Our business has grown and expanded considerably over the last few years and we were more than ready to relocate our successful operation to larger and improved premises.

"We are fully committed to providing a high standard of accountancy, tax and business advice to our customer base, many of whom have been working with us for several years. Our fabulous new premises in Castle Bromwich will provide us with an ideal location from which to better service our client base which is predominantly located across the Midlands region. 

"We have banked with Lloyds TSB Commercial for many years and have found the bank's local team, to be incredibly supportive, particularly when providing the £290,000 loan to facilitate the relocation and refurbishment of our new premises."

Peter Taylor, relationship manager for Lloyds TSB Commercial, said: 

"Collins Hart is a very well-respected business with an impressive reputation for providing sound accountancy, tax and business advisory services to companies and sole traders across the region. 

"The business' relocation is testament to the clear strategic objectives that Nigel has outlined in order to maximise future growth in the company and we were pleased to be able to provide the funding necessary to support this move. 

"Our teams of relationship managers are able to provide a range of tailored support to businesses such as Collins Hart, whether they are looking to relocate to new premises take on larger contracts, and in the first half of 2011 we provided £6.7 billion of gross committed lending to small and medium sized UK businesses."