This move follows a period of growth for the bank as its workforce has increased to 765 people, almost double the headcount at the end of 2023.
With offices also in Milton Keynes and Manchester, Allica said the new facility, with double the amount of meeting rooms and a range of breakout areas, gives its employees more space to work from the office.
Commenting on the move, Allica Bank’s CEO Richard Davies said: “Allica’s growth over the past few years has been fantastic, and our new London office is a big step forward in supporting that journey.
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“We still have ambitious plans to continue to grow, so it’s critical that we’ve created the right environment for our colleagues to come together, work together and build the products and services our customers deserve.
“So, we’re not just growing fast — we’re growing the right way, with a relentless focus on our mission and culture.”
Speaking on her visit, Dame Emily Thornberry MP said: “It was great to visit the offices of Allica, and I am really pleased that they have chosen to headquarter in Islington South and Finsbury.
“It is often said that small and medium-sized businesses are the engine of our economy, and it is important that we recognise the vital role that companies like Allica play in supporting SMEs.”
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