RELEASE DATE 17 January 2018
Funding Knight changes name to Sancus Funding as ownership changes
Strategic review results in new name and ownership to consolidate focus and capabilities
17, January 2018 – Funding Knight Limited the specialist peer to peer/marketplace lender has announced a name change to Sancus Funding Limited with immediate effect. The move comes as part of a strategic review of operations by Funding Knight’s owners, GLI Finance Limited (GLIF) who have also announced that it has transferred its holding in the business to the Sancus BMS Group Limited.
Sancus BMS Group has headquarters in Jersey with jurisdictional offices in Guernsey, the UK, Ireland, Gibraltar and the Isle of Man*.
The move shall to simplify the Group’s structure and bring together a select number of niche alternative finance businesses to present a stronger funding proposition to SMEs and entrepreneurs. The new name and ownership follows Funding Knight’s successful achievement of Full Authorisation from the Financial Conduct Authority (FCA) in July last year.
Dan Walker, Managing Director of Funding Knight said: “This is really positive news for the business and is one of many changes being made to move the business forward. By bringing the business under the Sancus umbrella, we can provide our clients and funders with a broader offering. With access to greater investment from the Group, the business now has increased capability to service the growing demand for property finance from UK, offshore and Irish businesses looking for flexible and competitive financing solutions”.
With the inclusion of Funding Knight, the Sancus BMS Group can now add directly sourced UK bridging and development finance to their extensive portfolio which includes a range of short, medium and longterm finance via invoice trading, supply chain finance, education finance, asset backed loans and secured cash flow funding. Since inception, Sancus BMS Group has provided cumulative funding in excess of £700m to their clients.
Andy Whelan, Sancus BMS Group CEO added, “Our vision and focus for the Sancus BMS Group will continue, as a leading player in the rapidly growing alternative finance sector specialising in meeting the needs of small-medium sized businesses and entrepreneurs. We are confident that by aligning Funding Knight alongside our other Group companies, especially Sancus Finance, the business will be positioned to drive significant growth and enhance our service to our funders and clients.”
Notes to editors
For Sancus BMS Group and Funding Knight Enquiries, please contact:
Amanda Overland Amanda.Overland@sancus.com +44 1534 708912
Sancus BMS Group Windward House, La Route de la Liberation, St Helier, Jersey, JE2 3BQ
About The Sancus BMS Group.
The Sancus BMS Group is an alternative financial services provider specialising in the provision of short, medium and long-term financial solutions including working capital finance, secured asset backed loans and secured cash flow funding to SMEs in the UK and Ireland.
The Group’s working capital funding solutions include Invoice Trading and Supply Chain Finance, which ensures faster payment to the suppliers of SMEs. The Group also offers a specialist financial solution designed for Educational Institutions and a Vendor Partner Programme for businesses looking to support the purchasing capability of their customers
About Sancus Funding (Funding Knight)
Sancus Funding is an FCA Authorised business lender which provides property bridging finance, property development finance and commercial property loans to SMEs and entrepreneurs in the UK and Ireland.
The Sancus BMS Group is focussed on assisting the growth ambitions of SMEs and entrepreneurs by providing them with access to a range of flexible financing solutions and has provided in excess of £700m of funding. The Group has operations in the UK, Ireland, Jersey, Guernsey, Gibraltar & the Isle of Man*.
The Group is part of GLI Finance (www.glifinance.com), an AIM listed SME investment business.
For more information, visit www.sancus.com. You can also follow us on LinkedIn https://www.linkedin.com/company-beta/2418625/