12 October 2021 - acquisition

The Isle of Man based financial services company has announced that it has acquired the remaining 60% of The Business Lending Exchange so that it now owns the business completely.  This is a Cambridge based business providing loans to very small and start up businesses which require asset backed finance.  The purchase has cost just over £920,000 with deferred consideration of up to just over £480,000 payable dependent on certain performance milestones.  This further broadens the group's lending capability and will help the expansion of the loan book going forward.  Although the shares . . .

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