CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow Consumer Finance Firm Valour, Launch High Interest Mini-bond to Raise £5million
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

  • Manufacturing SMEs optimistic
    Almost half of SMEs (49%) across the manufacturing sector have aspirations for growth over the next three months, compared with only 31% six months… More

Headlines

 
Consumer Finance Firm Valour, Launch High Interest Mini-bond to Raise £5million PDF Print E-mail
Monday, 26 September 2016
AWARD-WINNING finance firm Valour Group (UK) Plc has launched a Mini-bond to raise up to £5million from private investors.  

The money from The Valour Group Bond, which promises an annual interest rate of 8.49% per annum, will be used to grow the loan book of the company’s lending subsidiary Savvy.co.uk.

Valour Group CEO, Mark Bowker, said: “As a company we have zero external debt and have delivered a healthy 17% pre-tax profit margin so this is the ideal time for us to take on some external debt to enable our online lender Savvy.co.uk to grow further.

“Savvy.co.uk has been trading for several years and we believe in creating ‘Win-Win’ relationships. This is why we are offering 8.49% per annum to private investors rather than to a single large institution.

“We have developed robust systems for credit-checking, fraud prevention and responsible lending which is reflected in Savvy’s low arrears and delinquency rates. We now want to increase the value of our loan book with investment in the Valour Group Bond.”

The Valour Group Bond will be open for investment from September 26, 2016 until February 28, 2017, during which time investors can contribute from as little as £1,000.

Interest will be paid every six months throughout the four-year term after which investors will receive their initial funds back.

In 2015 Cheshire-based Valour Group was named Business of the Year at the Stockport Business Awards, and earlier this year they were honoured at the prestigious Credit Today Awards in Mayfair for their charity work.

Valour Group turned over £8.5million in 2015, recording a pre-tax profit of £1.7million.

Mini-bonds are an unsecured way for individuals to lend money directly to businesses. Any investments into bonds like this are not covered by the Financial Services Compensation Scheme and professional advice should always be sought before investing.
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197