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London agency wins six-figure funding to go on the acquisition trail

A London lettings agency that has already acquired an independent has now received what is described as a “six figure” loan to allow it to snap up others.

Champions was founded in 2008 by the merging of two letting businesses - Home Made Ltd and Company Ltd.

Merged company bosses Guy Watson and Charlie Champion described the merger as an opportunity to pool resources, enabling the combined business to open a shop-front in a prime London location. More recently Champions acquired Central Locations.

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The company wanted to continue this ‘buy and build’ growth strategy but their applications for conventional bank loans were refused because their approach was considered too complex. 

“We started as a small business with big ambitions, growing organically and battling for our place within a competitive market” says Champion.

Now a specialist FinTech lender, ThinCats, has stepped in. 

A statement from the lender says the new funding will be used by Champions to clear debt and provide a pot for future acquisitions.

  • demdeirin martein

    Great news for explorating people.

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