Overview
The company is a well-regarded and reliable provider of unsecured personal loans, offering loans of up to £2,500 for individuals across England and Wales. Loans are repayable in instalments via direct debit or CPA.
The business receives over 5,000 applications per day, which are automatically processed by intuitive API in a matter of seconds.
Having established a highly scalable business with vast potential, our client is now offering the company for sale to facilitate retirement plans.
Offers invited.
Key Highlights
Customer base comprises private individuals across the UK seeking short-term, personal loans, all of whom satisfy the business’s repayment terms.
Fully authorised and regulated by the Financial Conduct Authority as a lender and credit broker and has Information Commissioner’s Office approval.
Operates from leasehold premises.
An ideal acquisition for complementary service providers looking to enhance their portfolio with a cash-generative, bolt-on business, as well as for commercial organisations looking to diversify.
Could look to progress relationships with existing and new brokers to increase the volume of applications, conversion rates and profitability.
Financial Highlights
Generated a YE23 turnover of £1 million with an adjusted EBITDA of £294k.
Six months management turnover of £581k in YE24.
