Bridging finance lender Cheval was last week bought by a major shareholder in the UK Domino’s Pizza chain.The buyer is investment partnership Credit Investments which is owned by Colin Halpern and Ellis Sher. Halpern is an experienced entrepreneur. In 1993 he and his brother Gerry bought the UK and Ireland franchise for Domino’s Pizza. The brothers built up the Milton Keynes-based franchise operation Domino’s Pizza Group which saw group sales of 81.7m in 2005/06, with operating profits of 10m. Sher has spent seven years at Investec Bank developing its private client structured finance capabilities. Benson Hersch, managing director of Cheval, says: “With Credit Investments behind us we have the backing to build a commanding position in the bridging finance sector.”
Compass Finance has bought debt advisory service The Debt Advisor.
Places for People, the property management and development organisation, is offering clients a range of financial products to prevent them relying on high interest doorstep lenders and help them onto the property ladder.
Publication of the regulations for Home Information Packs last week failed to persuade the Tories to back the initiative as they slammed HIPs as nothing more than a 110m VAT windfall for the government.Tory MP Michael Grove, shadow minister for housing and planning, vowed to continue the fight against “this expensive red tape in the […]
The Business Mortgage Company, has joined the panels of Friends Orion and Park Row Associates as a pack-ager for buy-to-let mortgages and commercial loans. Andy Young, managing director of TBMC, says it is part of the firm’s strategy to establish relationships with networks and IFAs. He says: “Buy-to-let and commercial mortgages present great opportunities for […]
A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.
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