The firm, which was previously based in Hessle, East Yorkshire currently employs 25 staff, and plans to employ a further 25 members of the team as it expands.
Mark Cooke, managing director of TPFC, said the move will allow for expanding the workforce, and in-turn give its nationwide customers an even better experience.
He said: “We’re really excited about our expansion plans and moving into bigger and better offices in Hull proves our commitment to invest in our business, our people and the city of Hull.
“We are looking to double our staffing and this move will play a huge part in that.
“Our growth plans were put in place pre-COVID, but we are pleased to say we are able to come out of the pandemic with job creation plans firmly in place.”
Cooke, a previous recipient of the Entrepreneur of the Year accolade in the prestigious Institute of Directors (IOD) Awards, said the mental health of his staff played a big part in the decision to invest in bigger office space.
He added: “Although staff can work from home as they have done throughout the pandemic, we have a real team culture at The Personal Finance Centre and we bounce off each other in a fast-paced environment.
“We’ve listened to our staff to find out what they want going forward, and they have told us they want to be in an office environment, working alongside their colleagues.
“Some of our employees don’t have the luxury of having an office at home, so they have told us how important it is for them to be able to get out of their home and work in a proper office space.
“For their mental health we’ve invested in the office space to ensure they can continue with their careers after a tough year, in a modern work environment.
“It’s really important to us our staff are happy and healthy, and they are delighted. It’s a really exciting chapter in the future of the business.
“We are sure that this relocation will help to create a fresh new environment which will best support our people and the business, as we seek to grow in 2021 and beyond.”
The Personal Finance Centre was launched ten years ago by Cooke and co-director Stuart Branton, who have a combined 75 years’ of experience in the finance industry.
As a broker, the firm offers secured loans, unsecured loans, commercial loans and mortgages, and customers are considered regardless of their credit profile.
The expansion plans have also been welcomed by the finance industry, with firms including Optimum Credit, Oplo, Everyday Loans and The Money Group offering their praise.
Nigel Brookes from Oplo said: “It’s great to receive the news that our friends and colleagues at The Personal Finance Centre are growing and moving into bigger and better workspace.
“We wish the firm all the best in your new home and look forward to more continued growth and success together for the rest of the year and beyond.”
Simon Mules from Optimum Credit added: “We are delighted to see the continued growth and expansion of The Personal Finance Centre and the move to larger and modern premises reflects the success they have had in recent years, as well as through the period of the pandemic.
“It goes to show that the value of tailored financial advice should never be underestimated and the move will simply allow The Personal Financial Centre to expand and satisfy the growing number of customers they attract through their ability to find sound financial outcomes for customers who need help to rearrange their finances.”
Martin Stewart from The Money Group concluded: “We are delighted to see Mark and his team at The Personal Finance Centre making such a positive commercial move after what has been a difficult year for many.
“We have a close working relationship with TPFC and there are many cultural similarities between our businesses, the main one being to ensure the consumer gets the correct advice at every stage of their journey to raising money.
“We plan to collaborate further with Mark and TPFC in the months ahead and want to congratulate them on this positive statement and belief they have, not only in their own business, but in the local area by providing jobs and security for local residents.”
