A COUNTY accountancy firm has received funding for its growth plans.

Bromsgrove-based firm Adderly Hill & Co, set up in 2013 by husband and wife team Stephen Adderley and Felicity Adderley-Hill approached the Worcestershire Business Loan Fund to secure additional capital to support growth plans.

These objectives included moving into bigger office space, hiring additional staff members, and finalise the purchase of a second practice.

The company received the loan, as it fulfilled the criteria of a small to medium enterprise, based within Worcestershire.

The £2.2 million loan scheme was introduced by Worcestershire County Council and BCRS Business Loans to support growing local businesses, and provides loans from £10,000 to £50,000.

Mr Adderley, director of Adderley Hill & Co, said: “Both my wife and I are very ambitious people and have always wanted to run our own business.

"We have a growing client portfolio, so we decided it was the right time to invest in the growth of the company.

“We couldn’t fault the Worcestershire Business Loan Fund and would be happy to recommend it to other local businesses. Our loans officer, Angie Preece, was incredibly supportive throughout the application process, with constant communication and face-to-face meetings.”

Mrs Adderley-Hill, added: “Both Stephen and I have a broad skill set in accountancy.

"Stephen started as an apprentice and has since built up experience over the past 11 years, while I started as an administrator at the age of 18 and worked hard to secure the position of director five years later.

“We are well-known in the area and look to support our clients in any way possible."

Chief executive of BCRS Business Loans, Paul Kalinauckas, said: “We are delighted to be able to support enthusiastic and ambitious entrepreneurs with their exciting plans for Adderley Hill & Co.

"We understand how important small businesses are in strengthening our local economy and believe that no viable business should go unsupported."

And councillor Ken Pollock, cabinet member for economy, skills and infrastructure, said: "Stephen and Felicity are great ambassadors for small business.

"It's always fantastic to see people following their growth ambitions and with the loan from BCRS, it has helped them achieve their aspirations, while taking on new staff members and moving into new premises."

For more on the Worcestershire Business Loan Fund scheme visit bcrs.org.uk or call 0345 313 8410.