Tagged: gli finance

August 13, 2018 @ 7:24 am By JD Alois  |  

The Sancus BMS Group has expanded their business in Ireland with two new appointments from the property finance sector. According to Sancus, Michael Mooney has joined the Group as Managing Director of Sancus BMS (Ireland) Limited and Geoff Savage as Director of Lending. Sancus CEO Andrew… Read More

March 1, 2018 @ 10:57 am By Erin Hobey  |  

Sancus BMS Group,  part of GLI Finance which includes Sancus Finance (formerly Platform Black)and Sancus Finance (formally FundingKnight), announced its first significant drawdown of £17.5 million on its new facility with Honeycomb Investment Trust plc to expand its property-backed lending activities. The provision of the £50 million accordion… Read More

January 17, 2018 @ 11:52 am By JD Alois  |  

As part of an ongoing strategic update, GLI Finance has renamed peer to peer lending platform FundingKnight to Sancus Funding Limited with immediate effect. GLI Finance, an AIM listed company, has also transferred ownership to Sancus BMS Group Limited. Andy Whelan, Sancus BMS Group CEO,… Read More

July 14, 2017 @ 11:15 am By JD Alois  |  

GLI Finance (AIM: GLIF) has announced that FundingKnight has been granted full Authorisation from the Financial Conduct Authority (FCA). FundingKnight is an online / P2P Lender providing access to capital for UK SMEs. FundingKnight has been operating under interim permissions since 2014, when the FCA… Read More

June 5, 2017 @ 8:51 am By JD Alois  |  

Sancus Finance, a specialist financial services provider, has launched a new funding platform for businesses looking to participate in financing on their site. The new platform is part of a series of developments designed to improve the overall service offered to both funders and businesses. Sancus… Read More

May 13, 2017 @ 10:56 am By JD Alois  |  

GLI Finance (LSE:GLIF) has announced a change in senior management. Russell Harte, Chief Operating Officer, will be leaving GLI on July 1st, 2017. Aaron Le Cornu, most recently CFO of Elian, will then replace Harte as Chief Operating Officer. Le Cornu’s role will include both GLI… Read More

October 13, 2016 @ 5:19 pm By JD Alois  |  

Louise Beaumont, the long-time Head of Public Affairs & Marketing of GLI Finance has departed the firm. According to her LinkedIn profile, Beaumont has taken a position as Vice-Chair of the Open Bank Working Group. Beaumont has been an outspoken advocate of alternative finance and the… Read More

September 26, 2016 @ 9:12 am By JD Alois  |  

GLI Finance (LSE:GLIF), a diversified portfolio company focusing on alternative finance, has published its 6-month report for 2016.  The financial results show a a £6.9 million loss from a £5.3 million profit year on year. The loss included £12.9 million in writedowns on investments. GLI’s net asset… Read More

September 12, 2016 @ 8:32 am By JD Alois  |  

The Financial Conduct Authority has closed the comment period regarding its request for feedback regarding post-implementation review of FCA crowdfunding rules. The initiative covers debt, equity and other securities. The forthcoming publication reviewing existing rules will incorporate the perspective of platforms, consumers and competitors to… Read More

August 9, 2016 @ 9:50 am By JD Alois  |  

“CMA Sticks to its Guns” The Competition and Markets Authority (CMA) has published its final report on the UK retail banking sector. The government initiative has concluded that highstreet banks do not compete enough for customers’ business. Simultaneously, challenger banks find it difficult to compete… Read More

August 4, 2016 @ 8:15 am By JD Alois  |  

  The Bank of England (BoE) has cut its benchmark rate by 0.25% – the first time in 7 years. The pound quickly moved lower reacting to the announcement. The move was telegraphed several weeks back in reaction to Brexit fallout. The interest rate cut… Read More

August 2, 2016 @ 8:08 am By JD Alois  |  

GLI Finance Limited (LSE:GLIF) has announced the hiring of two senior executives.  Russell Harte has been appointed Chief Operating Officer and Steven Simpson has been selected as the Head of Group IT. Andy Whelan, CEO of GLI, released a statement on the addition of the two… Read More

July 6, 2016 @ 9:27 am By JD Alois  |  

Yesterday the Financial Policy Committee (FCP) of the Bank of England relaxed bank capital requirements in a proactive move designed to stave off a looming, Brexit driven slowdown. Bank of England Governor Mark Carney stated; “The UK has entered a period of uncertainty and significant… Read More

May 17, 2016 @ 11:08 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has published its anticipated report on the retail banking sector. The document, entitled, “Retail Banking Market Investigation: Provisional Decision on Remedies,” is a 405 page document delivering a deep dive into the challenges of traditional banks. The CMA outlines… Read More

April 6, 2016 @ 11:28 am By JD Alois  |  

The UK peer-to-peer (P2P) lending industry has been waiting for this day for quite some time. The Innovative Finance ISA (IF ISA) is now available to savers across the country representing a new investment option promoted as driving superior risk adjusted returns for investors.  With… Read More

March 31, 2016 @ 9:49 pm By JD Alois  |  

The Bank of England has released the monthly statistics regarding lending and according to the BOE lending to non-financial SMEs grew by £0.7 billion compared to an average monthly increase of £0.2 billion over the previous 6 months. Certainly an improvement.  Louise Beaumont, an executive… Read More

March 29, 2016 @ 8:32 am By JD Alois  |  

Following a year of change where senior management was replaced and Andy Whelan was appointed CEO of the company, GLI Finance (LSE:GLIF) has published annual results as it seeks to “materially strengthen the long term cash generation potential for GLI Finance”. Patrick Firth, Chairman of GLI… Read More

March 18, 2016 @ 8:18 pm By Louise Beaumont  |  

  The global alternative finance industry has undergone staggering growth in recent years. In 2015 combined market activity in the UK grew 84% from £1.74bn the year before to £3.2bn. Around 20,000 SMEs raised approximately £2.2bn in funding through online channels, representing a year-on-year growth… Read More

March 16, 2016 @ 10:18 pm By JD Alois  |  

Funding Options, a one-stop shop for SME finance, has been recommended for designation for the Bank Referral Scheme. Funding Options is a portfolio company of GLI Finance, an AIM listed company that controls multiple alternative finance platforms. In the Budget revealed earlier today, the Chancellor… Read More

February 29, 2016 @ 10:14 am By JD Alois  |  

Louise Beaumont, an executive at GLI finance and vocal advocate of small business, says more needs to be done to support UK small business.  Reflecting on the recent statement by the Bank of England and their credit numbers, Beaumont believes the slight increase in lending… Read More