Burdale to take on Wells Fargo name

ASSET-based lender Burdale Financial is to be rebranded, reflecting the name of its parent company, Wells Fargo.

The firm,  which has a regional base on Queen Street Manchester,  is to become Wells Fargo Capital Finance. Wells Fargo Capital Finance is a leader in asset-based finance in the US  and acquired Burdale in February 2012.

Wells Fargo’s ownership has helped Burdale increase its earning assets by 167%, double its client base and grow its team.
 
Steven Chait, managing director and head of Burdale said: “Since Burdale was acquired we have enjoyed tremendous growth: doubling the number of clients we support, and more than doubling the amount of capital we provide to clients.

“As a 22 year veteran of Burdale, I am extremely pleased with the support that Wells Fargo has brought to the UK market. Our business is stronger than ever and our commitment to delivering financial solutions to help our clients succeed financially has and always will remain our number one priority.”
 
Judith McMath, regional director added: “The Wells Fargo brand is extremely strong throughout the world and we are delighted to be adopting it to highlight the strength, depth and quality of our business offering in the UK.  

“Wells Fargo Capital Finance is committed to the North West region and we have been actively supporting northern businesses with flexible funding solutions, delivered from our base in Manchester, for more than 15 years.”