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The family firm, founded in 2004 and owned and run by head auctioneer Nick Bowkett, has more than trebled its floor space by moving into the 18th century Lightpill Mill, just 150 yards from its former site that is now being redeveloped as a supermarket.

The 10,000 sq ft floor space in the new building allows for a larger reception area, increased storage facilities and improved display. In the advance of the first auction at the building on June 13-15, Bowkett said: “The increased space will allow lots to be displayed much more effectively.”

Stroud, which employs nine full and part time staff, is leasing the mill but Bowkett said he has also purchased a 2.3 acre site four miles away, near Stonehouse.

He has applied for planning permission to create a 10,000 sq ft building there as part of a longer term plan. He told ATG: “If you stand still your competitors catch up, so I like to keep moving and growing.”