Platform Black rechristened Sancus Finance
The alternative financing specialist said that the change of name is immediate and follows a strategic review by parent GLI Finance.
The alternative financing specialist said that the change of name is immediate and follows a strategic review by parent GLI Finance.
Alternative finance specialist Platform Black has changed its name to Sancus Finance Limited with immediate effect. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited (GLI), which in November 2014 bought Sancus Ltd and Sancus (Guernsey) Ltd from Sancus Holdings for £37.75m.
The strategic review, designed to simplify GLI’s structure, included a transfer of its holdings in Platform Black to the newly formed Sancus BMS Group Limited. By bringing together a select number of niche alternative finance businesses, the Sancus BMS Group will specialise in delivering short, medium and long term finance to small-medium enterprises (SMEs) and their owners. Its range of funding solutions will now include invoice trading, supply chain finance, education finance, vendor partner programs and secured loans. The Group’s geographical reach now encompasses the UK, Ireland, Jersey, Guernsey, Gibraltar and the Isle of Man.