Loanoptions and TCF Debt Solutions secure new investment

Marcel Le Gouais
09-Jul-2008
New investment has been injected into Loanoptions.co.uk, TCF Debt Solutions and Merchant Business Finance in return for a minority shareholding.
A group of private investors have poured money into all three companies, which are still owned by Andy Moody via a major shareholding.

Moody says: “The funding will allow us to consolidate the work that has been done so far to ensure that not only are we in a position to ride out the turbulent market conditions but can further expand the services that more intermediaries recognise as being the best in the industry.”

He adds: “We had already gone a long way to ensuring the ability of all our companies to ride out current market conditions and when the credit crunch started, unlike many similar businesses, we did not just think in terms of cutting costs.

“For the businesses to flourish in the future it was important to be able to maintain and actually improve our proposition to introducers. I am delighted to say that we succeeded through improved workflow practices and the delegation of greater responsibility to key staff.”

Moody says Loanoptions.co.uk, TCF Debt Solutions Ltd and Merchant Business Finance Ltd are now in strong positions, financially and structurally, to thrive the market.