A FIRM of property lawyers is looking to expand outside the North East after beating the recession and recording sales of £1m in its first two years.
Cinnamon is targeting South Yorkshire, Birmingham, Bristol and the home counties, where it hopes to work with lawyers who provide the contact on the ground, while managing the administration from its headquarters in Team Valley in Gateshead.
Founded by managing director John Cook in autumn 2008, it was initially staffed by lawyers and other key staff made redundant when Dickinson Dees’ volume property business was sold.
Cinnamon, which employs 20 staff, says its success is the result of combining traditional legal practice and service ethics with strategic use of new technologies.
Its expansion plans are being supported with £90,000 investment from regional fund management firm NEL Fund Managers, via the Finance For Business North East Growth Fund.
Cook said: “Even though the company was set up right in the heart of the credit crunch, we always knew that our service offering had the potential to succeed, and being able to come this far so fast is down to the determination and skill of the Cinnamon team.
Jane Siddle, investment executive at NEL, said: “To build a million-pound turnover from scratch shows the quality of the Cinnamon proposition, and they now have the resources they require to become even more successful.”