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NEWS & TRENDS Franchise Finance rebrands


u Franchise Finance has rebranded following its acquisition by Hitachi Capital a year ago. With over 35 years’ experience in


providing innovative finance solutions to enable business and consumers to grow and prosper, Hitachi Capital is highly respected as a leading financial services company. Sharing a common culture of integrity and a dedication to customer service, the two brands are closely aligned. Coupled with a real desire to help both small and medium-sized businesses and bigger corporations across the UK meet their goals and grow, the rebrand will ensure that current and prospective customers of both companies will have access to specialist knowledge and funding that could prove crucial to their business or franchise success. Franchise Finance, now known as Hitachi Capital Franchise Finance, has worked closely with the Hitachi Capital team since the purchase. Moving to the same brand will allow it to grow the reach and value of its expertise of the market. Franchise Finance’s award-winning


team will continue to deliver solutions based on more than 40 years’ experience of helping businesses secure finance. The company has expertise in preparing finance proposals and arranging finance


p Hitachi Capital Franchise Finance team


for both franchisees and franchisors. Franchise Finance hopes to share this knowledge and commitment more widely across the Hitachi Capital Group. At the time of the acquisition –


which took place in the summer of 2018 – Robert Gordon, chief executive of Hitachi Capital UK, commented: “Franchise Finance is a natural fit for Hitachi Capital UK. With a strong market


share and a well-established business training offering, the deal provides a real opportunity to enhance our offering to both existing and new customers. “Hitachi Capital UK has delivered


significant organic growth for almost a decade by ensuring we provide current and prospective customers with relevant products and services across our business units.”


Fantastic Services acquires My Plumber


u Cleaning and maintenance franchise Fantastic Services has acquired the London-based company My Plumber. The purchase marks another period


of expansion for Fantastic Services, as it expects to process customer orders worth £40million in 2019. Formed in 2009, the brand already has more than 300 franchising partners, providing more than 25 professional services throughout the UK, including gardening, waste removal and pest control services. This latest deal will see Fantastic Services move into the plumbing and heating market. Fantastic Services co-founder Rune


Sovndahl says: “Demand for reliable plumbers has never been higher. We’re


10


delighted to add My Plumber to our growing portfolio and be able to offer our customers plumbing services. “We are intent on building a customer-


focused position in the plumbing and heating services market that will seriously challenge the established players." All existing My Plumber staff will be retained as part of the deal. Angie Lyons- Redman, owner of My Plumber, adds: “Fantastic Services [is] a company that shares my passion for customer services. I believe that the staff and customers will benefit massively from the investment Fantastic Services can provide and I look forward to seeing the next chapter for the business.” l


WANT TO SHARE SOME NEWS?


Get in touch! Call 020 8394 5216 or email


jack.sadler@vmgl.com


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