Hertfordshire-based digital transformation agency Cyber-Duck has purchased the Elstree property that has served as its rented headquarters for more than a decade with the help of a £950,000 funding package from Santander UK.
It now plans to restore the Grade 2-listed property – an old coach house on Watling Street, the Roman road running between Marble Arch and St Albans – and refurbish its interior to provide a hybrid working environment designed to foster collaboration, productivity, social interaction and staff wellbeing in support of the company’s ambitious growth plans.
These include a 15% annual increase in headcount, from a base of 87 today (in the UK and overseas); the opening of an additional office in central London later this year and an office in Porto, Portugal in 2023; and expansion to the US by 2025.
Cyber-Duck, started by Founder and CEO Danny Bluestone in his Mill Hill flat in 2005, has enjoyed rapid growth in recent years as organisation like Cancer Research Technology, Mitsubishi Electric, The Commonwealth, Sport England and the European Commission have drawn on its expertise in user experience (UX), service design, web development and DevOps to make the information they hold easier and quicker for people to access. Cyber-Duck increased turnover from £3.2m in 2019 to £6.7m in 2021 and is forecast to surpass £7.5m this year.