DCSIMG

Greenock doorstep lender snapped up by S&U

  • by GARETH MACKIE
 

Motor finance and doorstep lender S&U today said it has bought the home credit business of Greenock-based Ambassador Financial Services.

The West Midlands-based firm did not disclose how much its SD Taylor subsidiary paid for Ambassador, but said the lender had gross assets of about £500,000.

Mike Thompson, managing director of SD Taylor, said the group continued to seek acquisitions in the doorstep lending sector.

He added: “Ambassador Financial Services is an excellent quality business, which will complement our existing growth in the central belt of Scotland.”

 

Comments

 
 

Back to the top of the page

 

EDINBURGH
FESTIVALS
2014

#WOWFEST

In partnership with

Complete coverage of the festivals. Guides. Reviews. Listings. Offers

Let's Go!

No Thanks