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Peer2Peer Finance News | November 21, 2017

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Assetz Capital to move HQ after running out of room

Assetz Capital to move HQ after running out of room
Marc Shoffman

BUSINESS peer-to-peer lender Assetz Capital is relocating to a bigger head office in Manchester as it seeks to continue growing its team.

The platform, currently headquartered in Stockport, has announced plans to move to Manchester Green.

Stuart Law, chief executive of Assetz Capital, said the firm had run out of room in its current space as it is regularly increasing headcount.

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“It’s great to be able to announce our move to the newly fitted out self-contained premises to support our future growth,” Law said.

“We are taking on many more team members over the coming months and years and had run out of space in our previous headquarters now that we number around 85 staff.

“With several people joining each month, we now have a prestigious new building with the space and facilities that we require, and also befitting of one of the leading alternative finance providers in the country, and indeed Europe.”

The lender also has regional offices throughout the UK from Edinburgh and Belfast down to London and Farnborough.

It comes as Assetz Capital prepares its Innovative Finance ISA (IFISA) for launch after receiving full authorisation from the Financial Conduct Authority in September.

The secured business and property P2P platform said it would now aim to launch its tax wrapper in the fourth quarter of 2017.

Read more: Assetz Capital to expand broker network “significantly”