Investing for growth

Historic Lincoln law firm, Page Nelson, has bought its offices with plans to grow after the most successful year in its 146-year history.

Share
       Share via email

Read time: 4 mins      Added: 14/06/2021

Page Nelson, which was founded in 1875, has bought the offices it previously rented at Victory House in Henley Way, in a move to support its growth strategy. The acquisition of the 4,600 sq ft building was supported by a six-figure funding package.

The deal will see Page Nelson become landlord of the property, which provides high-quality office space for a number of local businesses, as well as hosting the firm’s own offices.
 

The £1million turnover practice, which has three partners, specialises in residential and commercial property work, wills and probate. 

Director Steven Forster said: “This is a significant investment for the practice. Owning the building means we can use the space more creatively, giving us the flexibility to grow the team and expand our operations here in Lincoln.

“Victory House is a high-quality, modern office space in an excellent location with tenants in place, which also gives us extra security as we plan for the future.

“It’s an asset that we can pass on to the next generation of partners.

“The last year has been the most successful in the long history of the firm, and we’re looking forward to building on that.”

Nick Flanagan, Relationship Director, Lloyds Bank, said: “Page Nelson has a long history and a bright future, continuing to show impressive growth despite the challenges of the last year.

“Buying these premises is an ambitious move for the partners and another important milestone in the Page Nelson story.

“We will carry on supporting them and other ambitious local firms to achieve their goals as part of our ongoing commitment to helping Britain prosper.”

You may also be interested in:

Supporting Professional practices

Find out about the tailored support we provide to solicitors.

Client Accounts

If you have a business requirement to hold money on behalf of your clients, we offer client accounts to meet your needs.

Business loans

We can help support you with expanding your practice, professional indemnity insurance or taking on new partners.

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.