A brand new estate agency and lettings firm has opened its doors in Bolton this week, supported by a six figure funding deal from Royal Bank of Scotland.

Covering Westhoughton, Blackrod, Horwich, Over Hulton and the surrounding Bolton and Manchester areas, Price & Co has been established by local businessman and owner of PC Electrical (UK) Ltd, Karl Price.

Karl Price, who is also a property investor and landlord himself, has taken the decision to launch the firm based on his own experience of the local property market and identification of the support needed in the area. The opening of the company will create seven new jobs.

The funding from Royal Bank of Scotland has supported Price & Co to acquire premises in Wingates House on Chorley Road in Bolton, where the firm will be based. The building will also be the new home of PC Electrical (UK) Ltd.

Karl Price, Director of Price & Co, said: “Having successfully established PC Electrical (UK) Ltd over the last 20 years, I decided to begin investing in property. As a landlord, I understand first hand, every element of the acquisition and lettings process and the support required from agents throughout. I felt that there is a real gap in the local market for an agency that provides a dedicated approach to both property management and sales and as a result I decided to set up Price & Co. It is my intention that we will provide customers with a much more personalised experience and unrivalled level of service whether they’re buying, selling or renting a property in the area.

“The acquisition of our new premises in Wingates House has been key to establishing Price & Co and I am pleased that I have been able to find somewhere that I am able to run both of my businesses from. The building is ideal and we are thrilled to have completed our move.

“The support that I have received from Royal Bank of Scotland throughout this process has been excellent. Through my electrical contracting firm I have a long standing, successful relationship with the bank and my relationship manager Gavin Elmes, who has been a great help whilst establishing Price & Co and acquiring our new premises. Gavin really understands both of my businesses and my aspirations and I feel that he really has been a great support by my side for the last 20 years.”