Niche Finance Group is the parent company of Contractor Mortgages Made Easy (MME), one of the UK’s leading providers of broking services for mortgages and related financial products to the contractor freelancing industry.
Matt Upton, Livingbridge, said at time of the investment, “We like the specialist nature of Contractor Mortgages Made Easy with a distinct focus on the market segment of freelance contractors. We have strong experience in investing in the arena of financial services and look forward to being a long term partner to Sat and his team to support the business plan.”
Growing through step-change acquisition
- Alongside Livingbridge’s investment MME acquired Contractor Financials Ltd, their main competitor. Contractor Financials Ltd specialised in advising freelance contractors on access to mortgages and related products.
- Both companies’ growth has been further underpinned by the implementation of the Mortgage Market Review in 2014. The investment is supporting the newly combined business as it further enhances its position to become the clear market leader, with investment in both marketing and systems.
- Since investment a new CEO, Jason Powell, has been appointed. Sat Singh said of the hire, “We have secured the services of an outstanding leader who will take the business onto its next phase of development. I am very much looking forward to working with Jason.'
“The acquisition of Contractor Financials Ltd, coupled with the investment from Livingbridge, will allow us to create a market leading proposition and build a best of breed business with a view to serving the financial interests of the contractor freelancing community.”
Sat Singh, Founder and CEO
Established by founder Sat Singh
Acquisition of Contractor Financials Ltd
Executive team strengthened with several new appointments including CFO, non-executive chairman, marketing director and most recently a new CEO
Group rebrand as Niche Finance Group