It has been announced that Centric Commercial Finance Ltd has been acquired by Shawbrook Bank Ltd.
Shawbrook Bank Ltd was established in 1944 and became a bank in 1971. Over the last three years Shawbrook has acquired a number of businesses including Whiteway Laidlaw Bank and Singers Asset Finance.
Richard Pyman CEO of Shawbrook said The acquisition of Centric Commercial Finance is an exciting strategic move for Shawbrook. We can now offer SMEs a broader range of funding services to support their growth aspirations, and the move will enable Shawbrook to become an even more prominent business lending bank. Centric’s dedication to traditional customer service and tailored lending solutions fits very nicely with our own, and we have ambitious plans to grow the business under Shawbrook this year.”
Centric was established in 2007 by John Onslow and Tim Hawkins, and over the last 7 years they have established Centric as a solid company providing funds for larger deals.
This is the second major purchase of an invoice finance company this year. The other being the purchase of SME Invoice Finance Ltd by Metro Bank Ltd.
You can find out more about the various factoring companies and the factoring marketplace here
Shawbrook Bank Ltd was established in 1944 and became a bank in 1971. Over the last three years Shawbrook has acquired a number of businesses including Whiteway Laidlaw Bank and Singers Asset Finance.
Richard Pyman CEO of Shawbrook said The acquisition of Centric Commercial Finance is an exciting strategic move for Shawbrook. We can now offer SMEs a broader range of funding services to support their growth aspirations, and the move will enable Shawbrook to become an even more prominent business lending bank. Centric’s dedication to traditional customer service and tailored lending solutions fits very nicely with our own, and we have ambitious plans to grow the business under Shawbrook this year.”
Centric was established in 2007 by John Onslow and Tim Hawkins, and over the last 7 years they have established Centric as a solid company providing funds for larger deals.
This is the second major purchase of an invoice finance company this year. The other being the purchase of SME Invoice Finance Ltd by Metro Bank Ltd.
You can find out more about the various factoring companies and the factoring marketplace here
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