Optimum Credit Ltd – a new second charge mortgage lending company – has established its headquarters in Cardiff where it is set to create more than forty jobs with support from the Welsh Government.
The multi-million pound investment, backed by Patron Capital Partners – a private equity real estate investment house and one of the leading real estate managers in Europe – has been supported with £600,000 business finance from the Welsh Government to create 44 jobs over five years, many of which are senior roles.
Optimum Credit Ltd operates in a highly specialist market providing secured loans for homeowners who have existing mortgages. The founding members are : Jonny Jones, Finance and Risk Director, Simon Mules, Commercial Director and Paul Strinati, IT Director, who have considerable management experience in this field.
The company, which is currently in its first full week of trading and will operate throughout the UK, has already created twenty jobs and is continuing to recruit for a wide variety of roles.
Welcoming the investment, Economy Minister Edwina Hart said:
“I am delighted Optimum Credit Ltd has chosen Cardiff as its headquarters where it will grow the business and create highly skilled jobs in financial services – one of our priority sectors.
Cardiff is becoming recognised as the location of choice for the financial and professional services sector which is backed by a competitive and compelling proposition offering businesses a skilled workforce, first class infrastructure and support.
Optimum Credit Ltd joins a growing number of new innovative businesses and established national and international centres that have chosen to invest in Wales and I wish them every success in the future.”