Fri, 02 May 2014 | BUSINESS SALE
Crown Mortgage Management Ltd (Crown) is to be bought by Capita's asset services business.
The business sale is to go through for an undisclosed sum and will mark the continuation of Capita's relatively new exploration of the domestic mortgage administration market.
Capita plc chief executive, Andy Parker, commented: “The acquisition of Crown will broaden and strengthen the range of services we can offer financial services clients and, vitally, provide us with an immediate and well established position in the residential loan servicing market.
“We think that the combined strengths of Capita and Crown will provide a compelling proposition both for the traditional and challenger banks, particularly as we invest in infrastructure to support both existing and new mortgage administration.”
Crown is one of the UK's longest running residential and small balance commercial mortgage servicers. It offers both residential and commercial services to banks and financial institutions.
Among the services provided are residential primary servicing, commercial servicing, equity release administration, new mortgage origination and due diligence.
The business employs around 130 staff and is based out of offices in Ipswich, Suffolk.
______________________________________________________________________
Related information:
Read more about tactics when buying a business
This well-established accountancy firm in West Yorkshire presents a unique opportunity with a loyal client base primarily consisting of esteemed limited companies, ensuring quality and value.
This well-established West Midlands practice, with a strong client base and an impressive average fee per client, offers a remarkable opportunity for growth by expanding audit and advisory services.
This well-established Lancashire practice offers a unique opportunity to acquire a client base comprised predominantly of limited companies in low-risk industries, ensuring stability and quality.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.