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Arc Property Solicitors is one of those extremely rare real estate practices that has seen a period of explosive growth recently.
In the past two years the Harrogate-based residential conveyancing specialist’s turnover has rocketed from £1.5m to £10.7m.
Arc is structured as a limited company with four directors. Its success is largely down to the internet. When it launched seven years ago it was one of the first to use the web as a platform to market its services and conduct deals. The firm’s canny use of the web has helped to boost turnover significantly, a trend managing director Richard Chan sees no sign of stopping in the short term. Chan said his firm is targeting a turnover of around £30m within three years.
Following a restructuring last year that split the regulated part of the business away from its support functions, Arc is potentially gearing up for third-party investment via an alternative business structure.