In what can only be described as a “transformational” day in Mobile Money Ltd’s history, we are proud to announce that we completed the acquisition of the business and some assets of London and Surrey Motor Finance Ltd (L&SMF) yesterday. Included in the assets is their entire live HP Motor Finance book. This marks a significant and exciting change in direction for Mobile Money Ltd where we expect to utilise our in-house technology and group relationships and resources to accelerate our growth in POS finance for 2nd hand vehicles.
L&SMF has traded successfully in the industry for 30 years and this opportunity has arisen to enable their 2 brilliant principals to finally enjoy a retirement.
Should you be a dealer or broker within the industry, interested to hear how we intend to expand our portfolio offering of terms and criteria, please do not hesitate to contact Roger Lingard.