Husband and wife team, James and Michelle Vellacott, founded Cherryduck in 2011 and have continued to organically grow the revenue of this £1.6m turnover business by £250,000 each year.
The company’s new premises will house some of the 23 local staff employed from Tower Hamlets and local London boroughs, as well as 11 freelancers.
The development is expected to complete at the end of the year revealing video editing suites, a sound studio, meeting rooms, a cinema to showcase Cherryduck’s work to clients, a Shoreditch themed bar and creative spaces for like-minded individuals to hire on a hot desking basis.
James Vellacott said: “Acquiring the additional premises is a real turning point in our business as we look to push the Cherryduck brand further and build on what we do well.
“The rebuild is underway and we are confident the finished look will meet the approval of our new and existing clients and will allow us to proudly market ourselves to the world.
“Michelle has held a Royal Bank of Scotland bank account since she was ten years old and has received great support over the years so it was no surprise we decided to choose them as our banker when we set up the business five years ago. Apart from bank funding we have no investors or shareholders; something we are quite proud of.”
Tom Meggison, senior relationship manager at Royal Bank of Scotland, added: “We have enjoyed working with the Cherryduck team since it was founded and continue to share in their vision of building on their reputable brand across London.
“We wish James and Michelle all the very best as they bring the new premises to fruition, which we have no doubt will prove a sound investment in the long-term.”
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