Fast-growing law firm secures Rosebud funding

By June 3, 2013Finance, News

A fast-growing Lancashire law firm has received a finance package from Rosebud Finance to support its continued expansion.

Harrison Drury – which has offices in Preston, Garstang and Kendal – increased turnover by 21% and profits by 43% in 2012. The company has also recruited six fee-earning staff to support its growth.

The company attributes its strong performance to its focus on the SME market and its innovative approach. In 2011 the firm launched HD Anytime, becoming one of the first firms in the region to offer a fixed-fee legal service.

Harrison Drury has 34 staff, including 21 fee earners, and offers services including business protection, dispute resolution, employment law and commercial property. The firm was recently accepted onto the government’s Growth Accelerator scheme, which is aimed at supporting businesses committed to achieving 20% year-on-year growth.

Rosebud Finance is provided by Lancashire County Council and managed by Enterprise Ventures. Paul Taberner, Investment Director for Enterprise Ventures, said: “Harrison Drury’s innovative approach, its focus on serving SMEs and providing value for money has made it one of the fastest-growing law firms in the North West.

“The Rosebud funding will support its requirements for ongoing working capital. Rosebud is playing a valuable role in helping businesses to fund growth at a time when small firms in particular are finding it hard to access finance from traditional sources.”

County Councillor Jennifer Mein, Leader of Lancashire County Council, said: “Through Rosebud, the county council has once again been able to offer support to a local firm to grow and create more jobs in Lancashire.

“Rosebud is designed to help businesses grow by providing them with the finance and support they need.

“Harrison Drury is part of the financial sector, which we’ve identified as one of our priorities for economic development in Lancashire.

“In particular, Rosebud wants to support companies from high growth sectors such as aerospace and advanced manufacturing; creative and digital; energy and environmental technology; as well as financial and professional services.”

 

Leave a Reply