Source: Consumer Credit Solutions
Consumer Credit Solutions Ltd (CCS) has purchased a controlling share in Castlefields Computer Consultants (Abbeystoke Ltd).
Castlefields’ software is used by lending institutions and home improvement companies across the UK to assist with completing customers’ finance applications in a professional and compliant manner.
CCS has enjoyed a close working relationship with Castlefields for over 15 years and the acquisition will further strengthen ties. It will allow CCS to work more directly with Castlefields and help drive cutting-edge solutions that deliver reliable financial data within seconds to clients’ laptops, tablets and mobile phones.
Founded in 1999, CCS is the largest facilitator of point-of-sale credit to the home improvement industry and manages around £1million a day in finance approvals. Clients range from family-run businesses through to some of the industry’s best known brands.
CCS Executive Director Peter Nicholson said: “This acquisition marks the start of a new chapter in our partnership and will allow both parties to further improve and enhance our client proposition. It will also cement our position as a ‘best in class’ service provider to the home improvement sector.”
Castlefields was formed in 1994 and initially provided programmed pocket calculators to major lending institutions and household-name retail stores. The company now enables its clients to seamlessly integrate finance technology into their businesses with point-of-sale tools that ensure finance applications are completed swiftly and accurately.
Ken Holt, Managing Director of Castlefields, added: “Like ourselves, CCS strive for excellence in customer service. We’ve collaborated for many years and it’s very exciting to be part of the Consumer Credit Solutions group. We can’t wait to develop new applications that will enable clients to improve sales and further compliance excellence.”
The business will continue to trade as Castlefields and to provide services to the consumer credit industry.