1PM PLC Academy Leasing acquires CarFinance2U
13 December 2017 - 6:00PM
RNS Non-Regulatory
TIDMOPM
1PM PLC
13 December 2017
13 December 2017
1pm plc:
Academy Leasing acquires Wirral-based CarFinance2U
Academy Leasing, the Warrington-based vehicle and equipment
finance provider, and a wholly-owned subsidiary of 1pm plc, the AIM
listed independent specialist provider of finance facilities to the
SME sector, is pleased to announce that it has acquired
Wirral-based motor finance brokerage, CarFinance2U.
CarFinance2U, based in West Kirby, was co-founded in 2011 by Dan
Rothwell and Mark Burgess. It provides vehicle finance facilities
to customers across the UK. The business has enjoyed rapid growth
over the past two years by delivering a fast, easy and efficient
financing service seven days a week. It receives credit
applications from motor dealerships throughout the UK and
successfully sources the most competitive financing rates for their
customers from amongst its panel of 13 lenders.
At the recent F & I Conference and Awards Ceremony held in
Leeds in October, one of the UK motor finance and insurance
industry's premier events, its levels of service and customer care,
combined with its strong growth resulted in it winning "Broker of
the Year" for 2017.
Commenting on the deal, Mark Burgess, co-founder of
CarFinance2U, said:
"Joining forces with Academy Leasing, a well-established and
respected motor and equipment finance provider, also based in the
North-West, gives us a fantastic opportunity to further develop the
CarFinance2U business and take it to the next level.
"As part of a much bigger group, we will be able to utilise
greater operational resources across all aspects of the business,
not least, access to more finance through Academy's panel of
additional lenders as well as significant opportunities for
cross-selling and the cross-referral of customers. We now also have
the potential to develop a direct customer offering to complement
our existing relationships with our motor dealership network
through specialist lead generation and marketing capabilities".
Mike Nolan, Founder of Academy leasing and Managing Director of
1pm's Asset Finance Division, added:
"I'm delighted to welcome Mark and Dan to the Group. They have
demonstrated their abilities to establish and grow their business
rapidly in a competitive market environment, not least as a result
of the high quality of service provided to their customers and I
can see very considerable opportunities to further develop the
business and its customer offering as part of the 1pm Group".
Enquiries:
Academy Leasing:
Mike Nolan Tel: 01942 408520
CarFinance2U:
Mark Burgess Tel: 0151 625 4777
1pm plc
Ian Smith, Chief Executive Tel: 01225 474230
Officer
James Roberts, Chief Financial Tel: 01225 474230
Officer
Walbrook PR Tel: 0117 985
8989
Paul Vann or 07768 807631
paul.vann@walbrookpr.com
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is a group of established independent finance companies
focused on providing SMEs with accessible funding to add value to
their businesses. All customers must have good credit histories and
proven ability to repay their finance commitments.
Mission Statement - 'Helping the UK economy grow by supporting
SMEs'
More information is available on the Company website
www.1pm.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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