Yorkshire based Newsource Commercial Finance specialises on sourcing finance across residential BTL and property portfolios, commercial property investments, property developments, refurbishment loans and bridging funding.

The team of five is led by a management team of Mark Craven and Brian Walters.

Leonard Curtis is a multi-disciplinary professional services group, employing 300 people in 27 regional offices across the UK and the Channel Islands, specialising in restructuring and insolvency, funding and legal services for SMEs, larger corporates and their advisers.

The firm’s key services include asset finance, bridging, commercial mortgages, development finance, cashflow lending, invoice finance, specialist lending, stock finance, trade finance and trade credit insurance.

The acquisition was supported and advised by Jen Moore, India Lawrenson, Jenny Fell and Taibah Rehman at LC Legal and is the third since Leonard Curtis attracted investment from family investment office Arete Capital Partners in partnership with SVELLA Plc in August 2021.

Gary Cain, head of funding at Leonard Curtis (pictured above, centre), commented: “We are delighted to announce the acquisition of Newsource Commercial Finance Ltd.

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“With a strong reputation for supporting brokers and their clients to secure funding, their approach complements our existing route to market via our national accountant network.”

“They will continue to trade under their own name but will work alongside Gary Cain, Becky Owen, and the wider funding and advisory team, complementing the existing property skillset.“

Mark Craven (pictured above, second from right) and Brian Walters (pictured above, second from left), Joint MDs at Newsource, commented: “This strategic move is great news for us, we’re thrilled to embark on this new chapter, which will allow us to refine our approach with our introducers and clients offering even greater premium service and care.

“There is significant potential for the business to further develop its market share in the sector and maximise the opportunities provided by the Leonard Curtis platform. 

“This acquisition represents 12 years of hard work, resilience and dedication from all of the NCF team.”

Pictured above, left to right: David Brown, chief financial and operations officer at Leonard Curtis, Brian Walters, joint MD at NCF, Gary Cain, head of funding at Leonard Curtis, Mark Craven, joint MD at NCF, Dan Booth, CEO at Leonard Curtis