24th June ‘08 - Welsh Secured Loans Company Comes of Age
The owner of a Cardiff-based secured loans company has bought out his majority shareholders. The move is seen by many as a welcome assurance that there are business leaders in the UK who still have plenty of confidence in the economy, despite media speculation of impending economic crisis.
The secured loans company, which employs around 70 staff at its Cardiff office, was formed seven years ago, assisted by the capital of prominent Monaco-based venture capitalist Marc Bertola.
Now Bertola has been bought out, marking an important development in the life of the secured loans company, which used to employ just three staff but now has a workforce of 70 operating from a high-tech purpose-built office.