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Norton Finance Group Ltd is a family owned, independent, finance broker based in Rotherham, United Kingdom. The company was founded by Keith Stringer in 1974. [1] The company is both a broker and a lender. [2] The company employs around 250 people. [3]
In 2002, Norton Finance were one of the more successful providers of secured loans in the UK when the market saw a 37% increase in sales. [4] In 2003 Norton Finance fell victim to a computer hack prank that sent emails to a number of their contacts. [5] In February 2012 Norton Finance (UK), which is part of the Norton Finance Group Ltd, entered administration. The larger Norton Finance Group Ltd continues to trade profitably. [6] [7] In May 2012 Norton Finance helped launch the 1925 Club at Rotherham United F.C.'s New York Stadium. [8]
Norton Finance is well known for its daytime television advertising in the UK. Television personality Caroline Lindsay (Price Drop, Ideal World, Gems TV (UK)) is the current presenter. [9]
Rotherham United Football Club, nicknamed The Millers, is a professional association football club based in Rotherham, South Yorkshire, England. It competes in League One, the third tier of the English football league system, following its relegation from the Championship in the 2018–19 season.
Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single mortgage lender.
A secured loan is a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower. An example is the foreclosure of a home. From the creditor's perspective, that is a category of debt in which a lender has been granted a portion of the bundle of rights to specified property. If the sale of the collateral does not raise enough money to pay off the debt, the creditor can often obtain a deficiency judgment against the borrower for the remaining amount.
Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites.
In the United States, commercial finance is the function of offering loans to businesses. Commercial financing is generally offered by a bank or other commercial lender. Most commercial banks offer commercial financing, and the loans are either secured by business assets or alternatively can be unsecured, where the lender relies on the cash flows of the business to repay the facility.
The Greyhound Racing Association was a UK-based private company founded in 1925 and existed until 2019. It was involved in the management of sports venues, notably greyhound racing stadia. The GRA was responsible for introducing Greyhound racing in the United Kingdom and was the largest racing operator for 70 years but diminished when trading as GRA Acquisition from 2005-2019. Despite its name, it was not involved in the administration of greyhound racing.
Borro Private Finance is a UK-US-based online pawnbroker and secured lender that offers loans secured on luxury assets. The company provides loans allowing clients to use luxury assets such as fine art, classic cars, jewelry, watches and other collectibles. The company has offices in London, New York and Los Angeles. As of July 2018 Borro Private Finance had written over $416,000,000 in lending, and its average loan size on luxury assets is $70,000.
The New York Stadium, known as the AESSEAL New York Stadium for sponsorship purposes, is a football stadium in Rotherham, South Yorkshire, England. Opened in July 2012, it is the home ground of Rotherham United.
Assetz Capital is a British peer-to-peer or "marketplace" lender which allows private and institutional investors to lend money directly to small businesses (SMEs) and property developers.
LendInvest is a non-bank mortgage lender in the UK, and is a property lending and investing platform. As an alternative Fintech lender in the property market, LendInvest provides fast finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.
ezbob, is a UK-based software provider for banks and other financial institutions. The company's product is a digital end-to-end business loan platform. The company was founded in 2011 and for 6 years lent to UK SMEs from its own balance sheet.
Cambridge & Counties Bank is a bank based and operating in the United Kingdom specialising in property finance and asset finance loans, and savings accounts for small to medium enterprises (SMEs).
Wellesley Group is an established alternative property investment platform, that issues Bond investments to the UK retail market. The Wellesley Group consists of Wellesley & Co., Wellesley Finance Plc and Wellesley Group Investors Ltd. Wellesley Group is named after co-founder Graham Wellesley, 8th Earl Cowley, who was previously Chief Executive of IFX and Finspreads.
The House Crowd is a UK peer to peer lending and crowdfunding platform that allows people to invest in bridging loans and property development loans from £1,000. In 2018, the business achieved authorisation from the Financial Conduct Authority and launched their Innovative Finance ISA. As of January 2019, The House Crowd had funded 368 properties, raised over £93 million and paid investors returns in excess of £38 million.
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
FOLK2FOLK is a peer-to-peer business lender (P2P) specialising in secured lending for rural businesses and SMEs. It matches businesses looking for finance with local individual and institutional investors who receive a fixed interest rate of between 4.5% and 9% p.a. secured against UK land or property. Lenders receive the same interest rate that the Borrower pays, with FOLK2FOLK making its profit from an arrangement fee and annual renewal fee charged to Borrowers.
Jerry Aaron Yates is an English professional footballer who plays as a forward for EFL League Two club Swindon Town, on loan from Rotherham United.
Greybull Capital LLP is a private investment company that specialises in medium- to long-term investments in UK companies. It was incorporated as a limited liability partnership in April 2010.
LandlordInvest is a peer-to-peer lending platform which enables people to invest in residential buy to let mortgages and bridging loans. The platform’s target audience is buy-to-let and bridging loan borrowers with a near perfect credit score, that are having difficulties with raising finance from traditional lenders due to a one off adverse credit event in the last five years. It was the first residential property-backed Innovative Finance ISA made available to UK savers.
Fullerton India Credit Co. Ltd. is a non - banking financial company in India. It is headquartered at Mumbai, India and deals with financing across retail and rural segments. The company provides unsecured as well as secured lending products through a diverse branch network as well as via digital channels to individuals and MSMEs.
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