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Retail & Consumer

Optimum Credit looking to double its headcount with move to new Cardiff HQ

The expanding business has taken space at No 4 Capital Quarter office scheme

Cardiff-based second charge mortgage provider, Optimum Credit, is poised to double its workforce after expanding to the city's latest grade A office scheme.

The company which has a 25% share of the º£½ÇÊÓÆµ market, has relocated to new and larger offices at the 89,000 sq ft No 4 Capital Quarter office scheme at the wider Capital Quarter development in the centre of the city.

The move supports its growth and job creation strategy following its acquisition in 2018 by Australian-owned finance venture Pepper Money.

Its new offices provides 18,500 sq ft of space to allow it to increase its current headcount of 130 to around 250.

The letting deal sees the No 4 Capital Quarter office scheme being fully let, as the well as the other office schemes in the development from JR Smart.

As well as expanding its second charge mortgage business, as part of Pepper Money's wider growth strategy, the Cardiff operation will also launch new product lines.

Chief executive of Optimum Credit Sam Marshall

Optimum Credit's chief executive, Sam Marshall, said: “The move to the new offices at Capital Quarter reflect the growth we have experienced since we launched in 2014 and the ambitious plans we have to continue that under the ownership of Pepper Money.

“This is an important move for us in terms of what we can offer as an employer in Cardiff to attract and retain the best people.