London lettings agency secures six-figure funding for acquisitions
A London-based residential lettings agency is set for expansion after securing six-figure funding facilitated by fintech lender ThinCats.
Centre Locations, which is based in Kensington, has secured the funding in order to reduce debt costs and expand the business through acquisitions.
Founded in 2008 through the merging of lettings firms Home Made Ltd and Company Ltd, Centre Locations, also known as Champions Ltd, was established by Guy Watson and Charlie Champion.
After struggling to find a finance provider and being refused a loan with their local bank because it was ‘too complex’, Guy and Charlie were introduced to Stuart Thompson at ThinCats via their accountants Multiply Accountancy.
Charlie Champion, founder of Champions Ltd: “We started as a small business with big ambitions, growing organically and battling for our place within a competitive market.
“When we went out for financing, we needed a solution that would suit our business to its core.
“ThinCats offered what every business needs from their lender; a proactive, pragmatic and responsive approach, which allows us to focus on our business goals.”
Stuart Thompson, ThinCats’ director of business development for London and the South East, said: “When Chris at Multiply reached out to us, I saw an opportunity to help an ambitious London-based SME.
“A well-considered and communicated strategy, supported by detailed financial information meant we were able to structure a credit backed offering in a timely fashion, enabling them to move the business forward, exactly in the direction that they wanted to.”
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