Sancus continues to grow with 7 offices in 6 jurisdictions

Sancus, which was founded by Andrew Whelan and John Davey in 2013 has continued to expand, following its acquisition in December 2015 by GLI Finance www.glifinance.com, the AIM listed alternative finance company that specialises in niche SME lending businesses.

GLI Finance has added to the Sancus group of companies with BMS Finance and Platform Black. BMS Finance has offices in the UK and Ireland and has both the British Business Bank and the Irish Strategic Investment Fund as co-funders on its platforms.  Platform Black, which has just been rebranded as Sancus Finance Limited is also based in the UK.  They specialise in providing working capital to SMEs through supply chain finance and invoice trading with a growing niche in the UK educational sector.

Sancus has operations in the UK, Ireland, Jersey (headquarters), Guernsey, Gibraltar and the Isle of Man*.

The Group offers a comprehensive range of funding solutions with secured property / asset backed loans providing the bulk of deals done to date.  The combined Group has provided cumulative funding in excess of £570m to its clients, of which £300m have been originated in the Channel Islands.  SME’s and their owners now have access to a number of short, medium and long term borrowing in the form of revolving finance products and asset backed loans.

(* an affiliate company)