AWD UK Group is pleased to confirm the sale of AWD Home Finance to the existing management team led by Managing Director David Fuher.
The company will be renamed as Carrington Carr Home Finance Ltd and will continue to be based in Leicester.
Mike Kirsch, Chief Executive Officer, AWD Group plc, commented:
“We are pleased to have been able to quickly conclude a
good deal for both AWD and the ongoing Home Finance business. In
these difficult trading conditions it is important to provide as
much certainty as possible. AWD Chase de Vere and Carrington
Carr Home Finance Ltd can now enter 2009 with real clarity and
focus.”
David Fuher, Managing Director, AWD Home Finance said:
“My Co-directors and I are very pleased to have been able
to complete the purchase of AWD Home Finance within 1 month of
the formal announcement of its offer for sale. Our thanks
go to AWD Group Plc for their help in achieving this smooth transfer
of ownership affording all of our employees, our customers, and
our business partners a degree of certainty during a very turbulent
period.
“We believe that despite the economic challenges that we are faced with in 2009 and beyond there is a very bright future for Carrington Carr Home Finance Ltd and all of its stakeholders”.
Contact: Sally Biggs/Mike Lord |
Polhill Communications |
tel:w020 7655 0520
|
Editor’s notes
AWD Home Finance:
The company provides advice on remortgage and associated insurances via a face to face advisory team based Nationwide. In 2007 the Company arranged mortgages in excess of £750 million through major banks and building societies. The Company is also an appointed representative of Legal & General Partnership Services Ltd. There are 286 employees based predominately at the Head Office in Leicester, and through locally based advisors. The Company also has 16 self employed advisors.
Prior to 2002 when it was purchased by AWD Group Plc the company previously traded as Carrington Carr Home Finance Ltd and was incorporated in March 1987.
AWD Chase de Vere:
On 12 November 2008, AWD Chase de Vere announced plans to divest its Home Finance operation. This was part of a detailed strategic review to enable AWD Chase de Vere to focus on its wealth management and consulting operations.
AWD Chase de Vere Wealth Management Limited is one of the UK’s leading independent advisory businesses and is authorised and regulated by the Financial Conduct Authority.
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