Already, commercial property developer Stoford has completed the shell of the building at Vertex Park, Lyde Green, South Gloucestershire, near Bristol, and internal work is now well underway on the 36,000 sq ft of office accommodation.

ALD said the move to the new offices from the existing headquarters in Fishponds, Bristol, will provide much-needed space for further recruitment and planned expansion.

Managing director Mel Dawson said: “We moved to our current location in 1995 when we had less than 100 staff and, since then, we have grown significantly and now have almost 450 employees.

“Looking after the needs of blue-chip Plcs, SMEs and private individuals – and being part of an international group that manages 1.2 million vehicles across 41 countries worldwide – it’s important that our new office environment not only reflects the size of the business we now are and allows us to continue our planned expansion, but helps us to operate more effectively in meeting the needs of our customers.”

The move comes as ALD also opens its new Business Development Centre, which will be used to develop leading-edge solutions for the UK and across the whole ALD Automotive group.