Technical acquisition

Consumer Credit Solutions has purchased a controlling share in finance technology specialists Castlefields.

CCS is a leading facilitator of point-of-sale finance to the home improvement industry and has enjoyed a close working relationship with Castlefields for over 15 years.

The acquisition will allow CCS to improve its service offering and to work more directly with Castlefields to deliver reliable financial data within seconds – via laptops, tablets or mobile phones.

The software helps retailers complete customer applications for finance in a professional and compliant manner, whether they operate from showrooms or sell directly in customers’ homes.

Founded in 1999 by Andy Wallace and Peter Nicholson, CCS manages around £1 million a day in finance approvals for the home improvement sector, with clients ranging from family-run businesses through to some of the industry’s best-known brands.

“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,” Peter said. “It will also cement our position as a ‘best in class’ service provider to the home improvement sector.”

Ken Holt, managing director of Castlefields, saod: “We can’t wait to develop new applications that will enable clients to improve sales and further compliance excellence.”