A Leamington financial technology company has resisted the urge to move to London, signing a new long-term lease to keep its operations in Warwickshire.
Wealth Wizards, which has spent the last six years operating out of its double property at Athena Court in Tachbrook Park, has signed a nine-year lease agreement with Warwickshire-based property development company AC Lloyd to remain at the site until 2030.
The company, which uses artificial intelligence and machine learning guided by a team of financial experts to provide financial health checks and advice on how to maximise investments and performance, has been based in Leamington since its inception in 2011.
The decision to stay in south Warwickshire follows a refinancing of Wealth Wizards, with directors agreeing that Leamington is a prime location for financial services companies operating outside of London because of its easy transport links to the capital.
Anthony Jones, Chief Financial Officer at Wealth Wizards, also cited the Warwickshire and West Midlands workforce’s excellent software engineering skills as a key reason for renewing their lease.
He said: “Leamington is an ideal location for businesses like ours given the skilled labour force based in the surrounding area and its links to major cities and markets like London and Birmingham.
“The site we have been based at for the last six years is absolutely perfect for our needs and the growing status of the region from a business perspective means we have a say about where we are based as moving to London is now being seen as a choice rather than a must.
“The fact that the company is staying in Leamington is a sign to others in the financial and software industries that they do not need to commit to a long commute or have to relocate in order to be successful.
“Dealing with AC Lloyd has been very simple and they have maintained a continuous dialogue with us throughout the renewal. We are delighted to be staying at Tachbrook Park.”
Mark Edwards, managing director at AC Lloyd Commercial, said: “It is excellent to see that another business has recognised the benefits of operating in Warwickshire.
“They are part of an extremely popular site in Tachbrook Park and I have no doubt that seeing this place thrive has played a part in their decision to renew.
“It has been a pleasure dealing with them and we wish them the greatest success in the coming years.”