• In April 2010, Wesleyan Assurance Society acquired Key Business Professionals Ltd (“KBP”) for an undisclosed sum
• KBP provides short-term loans to law firms to fund personal tax, VAT, practising certificates and professional indemnity insurance
• KBP is an excellent commercial fit with Wesleyan’s focus on providing tailored financial advice and products to clients in the medical, dental, teaching, legal and other professional markets
• KBP was established by the former management team of Key Business Finance Corporation Plc (“KBF”)
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• Founded in 1987, KBF was placed in run-off in October 2008 after many profitable years when its ultimate parent, Landsbanki, went into administration and funding was withdrawn

“In recent years Asgard has brought a number of acquisition opportunities to our attention, the first of which has just been successfully completed. Regular contact with the Asgard team has proven to be a valuable way to keep track of developments within the market.”
Ian Hall, Director of Banking, Wesleyan

Please click here for the press release