Diversified Financial Services
Company Overview of Inspired Capital plc
Inspired Capital plc provides various SME lending products in the United Kingdom. Its SME lending products include business cash, asset finance, trade finance, construction finance, recruitment finance, transport finance, enterprise finance guarantee, factoring, and invoice discounting products. The company was formerly known as Renovo Group plc and changed its name to Inspired Capital plc in August 2014. Inspired Capital plc is headquartered in Bristol, the United Kingdom. As of August 13, 2015, Inspired Capital plc was taken private.
1 Westpoint Court
Great Park Road
Bristol, BS32 4PY
Key Executives for Inspired Capital plc
Inspired Capital plc does not have any Key Executives recorded.
Inspired Capital plc Key Developments
Inspired Capital Announces Board Changes
Sep 18 15
Inspired Capital announced that Jeremy Coombes, Group COO, has resigned from the board and will be leaving the group with effect from September 18, 2015. Ron Robson, Group CEO, assumes Jeremy's responsibilities across the business.
Inspired Capital plc Agrees to the Terms of Additional Debt Facilities from Bentley Park (UK) Limited
Jul 30 15
Inspired Capital plc announced that is has agreed the terms of a £10.5 million debt finance facility from Bentley Park (UK) Limited. The proceeds of the Bentley Facility will be used to repay the fully drawn debt facility granted by Henderson Global Investors and to allow the Company to grow the loan book. The Bentley Facility is unsecured and will charge an interest rate of 5%. per annum accruing on a daily basis and calculated on the actual number of days elapsed. The interest terms are flexible and interest will be payable quarterly commencing on 30 September 2015 but only if Inspired has sufficient cashflow, otherwise the unpaid interest is compounded and added to the Bentley Facility. The Bentley Facility will be repayable on 30 June 2016 or such other date as the parties may agree.
Inspired Capital plc Announces Management Changes
Jul 29 15
Inspired Capital plc announced that Blain (CFO) and Jamie Brooke (NED) have stepped down from the Board and resigned as directors with effect from 28 July 2015. In addition, Roger McDowell has agreed to step down and resign from the Board when the Company's shares are delisted from AIM but will remain as an independent non-executive Director until such time. As a result of Bentley's controlling position, David Craven and Ron Robson have been appointed to the Board as Chairman and Chief Executive Officer respectively, with effect from 28 July 2015. Jeremy Coombes remains on the Board and will be the Chief Operating Officer of Inspired. Furthermore, Neil McMyn will be joining the company as Chief Financial Officer and Company Secretary but will not be appointed to the Board.
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