Aldermore
 | |
| Public | |
| Traded as | LSE: ALD |
| Industry | Finance |
| Founded | 2009 |
| Headquarters | Reading, Berkshire |
Key people |
Glyn Jones (Chairman) Phillip Monks (CEO) |
| Products | Financial services |
| Revenue | £300.4 million (2015)[1] |
| £105.1 million (2015)[1] | |
| £78.3 million (2015)[1] | |
| Website |
www |
Aldermore Bank is a retail bank which provides financial services to small and medium-sized businesses. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
Aldermore was established by Phillip Monks with backing from private equity company, AnaCap Financial Partners LLP, in 2009.[2]
It raised £62 million of further investment from a consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management, and the Ohio Public Employees Retirement System in August 2011[3] and it received an additional capital investment from Centerbridge Partners when it issued a £36 million subordinated bond in May 2012.[4]
Aldermore was recognised as a ‘challenger’ bank by the media,[5] and launched a successful initial public offering in March 2015.[2]
Operations
Aldermore provides financial services to small and medium-sized businesses.[6] Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages.[7]
Affiliations
Aldermore is the sponsor of the National Association of Commercial Finance Brokers (NACFB),[8] and a member of the Council of Mortgage Lenders.[9]
References
- 1 2 3 "Annual Results 2015" (PDF). Aldermore. Retrieved 28 March 2016.
- 1 2 "Aldermore: How the bank formed in the depths of the crisis found success". The Telegraph. 15 March 2015. Retrieved 13 June 2015.
- ↑ "Goldman Sachs takes Aldermore stake". The Telegraph. 24 September 2011. Retrieved 13 June 2015.
- ↑ "Boost for new bank Aldermore as it clinches £36m fundraising". City AM. 14 May 2012. Retrieved 13 June 2015.
- ↑ Grice, Andrew (12 September 2012). "Cable and Osborne on a Collision Course Over Small-Business Bank". London: The Independent (UK). Retrieved 21 January 2013.
- ↑ Hurley, James (6 May 2012). "Aldermore - A Dads Army Bank For SMEs". London: The Telegraph. Retrieved 21 January 2013.
- ↑ "Our History". Aldermore Bank PLC. Retrieved 21 January 2013.
- ↑ "NACFB - Working with Lenders". NACFB. Retrieved 16 October 2012.
- ↑ "Directory of Members and Associates". Council of Mortgage Lenders. Retrieved 16 October 2012.
