Liz Locke no longer falls under Munford's wing

Liz Locke no longer falls under Munford's wing


The CPC group have become 100 per cent owners of  newly formed short term lender Omni Capital, after having bought former CEO Paul Munford's 50 per cent stake in the company.

Colin Sanders will now step into Munford's role as CEO of the company, who are currently under expansion.

Alongside this announcement, Omni have launched their 80 per cent LTV loans, available in the unregulated residential market on a first charge. 

Commenting on the recent changes, Liz Locke, former Apprentice star and currently Development Director at the Omni, explained that it would prove beneficial to the company to have someone 'solely focused on Omni Capital' as CEO.

Her comments no doubt stem from the fact that Paul Munford has several business interests within the industry, including his role as Managing Director of Mortgage Centre IFA.

Mr Munford will remain a 'consultant' for Omni Capital whilst former CEO of General Electric Money Home Lending and Money Partners Ltd, Colin Sanders, steps in to head the planned expansion for Omni.

The company claim to be 'in a bid to become the number one lender in the short-term market'.

As CEO of  igroup, Colin grew the monthly new business levels from £35mm to £120mm in three years and led the eventual sale of the company to General Electric (GE) capital for £210mm. He was then appointed CEO of General Electric Money Home Lending, responsible for GE’s whole UK mortgage and secured lending P&L in the UK.

Most recently Colin founded Money Partners Ltd – a start-up company and joint venture with Kensington Mortgages PLC. The business was valued at over £100mm after two years of trading and was eventually sold.

"The opportunity to join an entrepreneurial new business which has already established itself as one of the key players in the sector is very appealing," said Colin.

"The investors have a strong vision to build a significant business in a short space of time, which I will be instrumental in executing, and will implement the necessary infrastructure and distribution network to achieve the business goals. This is a very exciting time for Omni Capital."


Chris Candy, CEO of CPC Group, added: “Omni Capital has an unrivalled team of professionals in place and we look forward to growing the business further with Colin onboard.

“CPC Group has committed a substantial amount of funding for Omni Capital to date and the company is now in final stage talks for additional facilities to help grow the company further and making even more funding available to the market. We expect to be able to announce more details soon.”

By Katie-Jill Rowland

Leave a comment