UK bank for sale
The Bank is a UK credit Institution authorised by the PRA and regulated by the FCA and PRA. The Bank is a principal member of MasterCard, Visa and the LINK network. Currently, active units consist of Payment Services, Customer Lending and central divisions. The Payment Services unit is being wound down.
The Lending activity is through on partner in a variety of retail markets including sport season ticket loans, student support loans, medical loans and similar markets. The banking divisions main activity is to offer savings and deposits to the retail market.
NAV = >£40m
Valuation = multiple of NAV
All open to offers subject to:
• business case for offer,
• who are individuals involved and are they known to FCA/PRA?
• Will they get through change of control process?
Will not release any further info or engage in discussions until the above is confirmed.
Sales – Available On Request
Asking Price – Available On Request
Profits – Available On Request
Represented by broker? Available On Request
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? No
Management will stay? Yes
Real Estate? Available On Request
Please contact our specialist to get full information regarding this bank.