Online broker Carfinance247 has acquired an additional 10,500 sq ft. of office space at Albion Mill in Ancoats, Manchester, to house the company’s "rapidly growing" workforce.

The company has appointed an additional 60 employees in the previous quarter, with its current workforce rising to more than 200 people.

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Employee levels at the online finance broker have increased from 40 to 200 in just over two years.

Carfinance247 reported a 280% year-on-year increase in turnover in June.

Managing director, Reg Rix said: "Employing an ambitious and dedicated team is paramount to our continued success and the remarkable year we’ve had is down to the people we have working for us. We were also delighted to have been recognised as one of the Sunday Times Top 100 Companies to work for earlier this year.

"Of course we want to attract the best talent so we’ve invested in an additional modern office space with the latest facilities as a base for our expanding team.

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"Manchester is an ideal location for us. We work nationwide and Ancoats is a great place for a growing business, close to major travel links within the City and an up and coming area."

Rix added: "This year has been phenomenal. On top of that we are now seeing a buoyant marketplace and a recovering economy, with customers happy to arrange finance via the internet. We are predicting a continuation in the upward trend for online finance and are looking forward to a busy 2016."

Last month, Carfinance247 launched a new member’s area on its website for customers who have already applied for finance to search for vehicles from one of its accredited dealer partners.