Leonard Curtis invests in funding and advisory services with acquisition
Professional services group, Leonard Curtis, is strengthening capabilities in its funding division with the acquisition of Newsource Commercial Finance. (NCF)
Harrogate-based Newsource Commercial Finance (NCF) is a 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 buy-to-let and property portfolios, commercial property investments, property developments, refurbishment loans and bridging funding.
Leonard Curtis employs 300 people in 27 regional offices across the UK and the Channel Islands, focusing on restructuring and insolvency, funding and legal services for SMEs, larger corporates and their advisers.
Its national team of commercial funding experts delivers 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.
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 is a key part of the group’s strategy to expand its funding and advisory proposition in property, which is an important sector for the business.
Gary Cain, head of funding at Leonard Curtis, said: “We are pleased to announce the acquisition of Newsource Commercial Finance.
“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.”
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: “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, said: “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.
It is the third since Leonard Curtis attracted investment from family investment office Arete Capital Partners in partnership with SVELLA Plc in August 2021.
