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Leonard Curtis invests in funding and advisory services with acquisition of Newsource Commercial Finance
Leonard Curtis is strengthening capabilities in its well-established funding division with the acquisition of Newsource Commercial Finance Ltd.
Yorkshire-based Newsource Commercial Finance (NCF) is recognised as being one of the UK’s leading master brokers in the commercial property sector.
Led by a management team of Mark Craven and Brian Walters, the business specialises in working with brokers and their clients on sourcing finance across residential BTL and property portfolios, commercial property investments, property developments, refurbishment loans and bridging funding. Based in Harrogate, the team of 5 operates with a national coverage.
Leonard Curtis is a multi-disciplinary professional services group, employing 300 people in 27 regional offices across the UK and the Channel Islands, specialising in restructuring and insolvency, funding and legal services for SMEs, larger corporates and their advisers.
Its national team of experienced commercial funding experts deliver bespoke finance solutions for a range of clients working with lenders from all sectors to find appropriate funding for specific briefs, but also to work on longer-term growth support.
Key services include: asset finance, bridging, commercial mortgages, development finance, cashflow lending, invoice finance, specialist lending, stock finance, trade finance and trade credit insurance.
The acquisition marks a key milestone in the Group’s strategy to expand its funding and advisory proposition in property – an important sector for the business.
Gary Cain, Head of Funding at Leonard Curtis, said the business model at NCF respects the existing relationship between broker and client, with their customer first mindset and, aligns perfectly with the culture at Leonard Curtis.
He commented: “We are delighted to announce the acquisition of Newsource Commercial Finance Ltd. With a strong reputation for supporting brokers and their clients to secure funding, their approach complements our existing route to market via our national accountant network.
They will continue to trade under their own name but will work alongside Gary Cain, Becky Owen, and the wider funding & advisory team, complementing the existing property skillset.
Becky Owen, Director of Commercial Finance added: “NCF bring an extra dynamic to our well- established, experienced team operating within the Leonard Curtis funding division. We look forward to welcoming Brian, Mark and their team.”
Daniel Booth, CEO of Leonard Curtis, said that the enhanced funding and advisory expertise would certainly move the dial for the Group in both commercial finance and the property sector.
He commented: “NCF has built an excellent reputation in the market and their arrival will ensure we are extremely well placed to service the growing needs of our clients, business owners and their advisers and meet their needs for creative finance solutions in the property sector.”
Mark Craven and Brian Walters, Joint MDs at Newsource, commented:
“This strategic move is great news for us. We’re thrilled to embark on this new chapter, which will allow us to refine our approach with our introducers and clients offering even greater premium service and care.
“There is significant potential for the business to further develop its market share in the sector and maximise the opportunities provided by the Leonard Curtis platform. This acquisition represents 12 years of hard work, resilience and dedication from all of the NCF team.“
The acquisition was supported and advised by Jen Moore, India Lawrenson, Jenny Fell and Taibah Rehman at LC Legal and is the third since Leonard Curtis attracted investment from family investment office Arete Capital Partners in partnership with SVELLA Plc in August 2021.
It marks another positive move for the fast-growing professional services brand.
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Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.