Specialist mortgage broker Create Finance has relocated its business to the historic Shot Tower building on the Morledge – with at least twelve new jobs set to be created over the next twelve months.

The company was previously based at Riverside Chambers on Full Street, part of the Connect Derby managed workspace scheme, just minutes from its new home.

Create Finance was launched in 2015 by experienced mortgage brokers Gindy Mathoon, Karl Yeoman and Pete Mugleston. The company set up home at Riverside Chambers and since then, has achieved significant growth – expanding from one to two offices and employing more than 15 mortgage brokers and 11 admin staff, six of which are apprentices.

Create Finance works with a range of customers – from the self-employed, contractors and professionals to people with adverse credit ratings.

A search across Derby for larger accommodation to cope with its predicted growth revealed a marked shortage of office space in the city centre, a problem being faced by a number of growing businesses in the city at present.

This is where Ann Bhatti, head of Connect Derby stepped in. Formerly used as a co-working space for new start-ups and the self-employed, Shot Tower was left vacant when the Connect Derby co-working offer expanded into a new dedicated facility at Sadler Bridge Studios.

Ann was able, therefore, to offer the space at Shot Tower to Create Finance to enable them to remain in the city centre and facilitate its current and future growth plans.

Commenting on the move to Shot Tower, director Gindy Mathoon, said:

“We are principally a phone and internet operation, so our clients come to us from across the UK. When we decided to expand our operation, we knew we wanted to stay in the city centre but struggled to find anything of the size we needed.

“Our thanks go out to Ann Bhatti for accommodating our move to Shot Tower. We’ve forged a tremendous working relationship with Ann and her team at Connect Derby since we’ve been at Riverside Chambers and are pleased to be staying part of the Connect Derby family.

“We have aggressive growth plans and are constantly looking for potential and qualified mortgage advisers, as well as continuing to recruit local apprentices.  Given that we are currently recruiting at least one adviser a month it won’t be long before we fill all three floors!”

Ann Bhatti, of Connect Derby, added:

“We’re aware how difficult it is for larger companies to find office space in the city centre, so when the upper floor of Shot Tower became vacant following the relocation of our co-working offering, we were happy to turn it into a suitable space for Gindy and the team.

“We’re delighted to have been able to facilitate Create Finance’s expansion within the city centre.”

The Shot Tower takes its name from the tower that once stood on the site and was used to make lead shot before its demolition in 1932. In 2016 the building was the subject of a £1m refurbishment to transform it into a vibrant business hub for start-ups, graduates, SMEs and people looking to become self-employed.It forms part of the £30m Connect Derby scheme, which supports new enterprise at its seven buildings across the city: Friar Gate Studios, Sadler Bridge Studios, Kings Chambers, Marble Hall, Riverside Chambers and the iHub at Infinity Park.