Financial sector recruitment firm Opus
Mitchell has taken a 20% stake in asset finance and leasing company
Associated Commercial Finance (ACF).

ACF is an independent finance broker providing
asset and leasing finance and commercial banking facilities
specialising in the commercial vehicle and construction
sectors.

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A subsidiary of Opus Group, Opus Mitchell
specialises in recruiting for the asset and invoice finance
industry and has recruited for ACF in the past.

Simon Rose, managing director of ACF, said the
deal with Opus Mitchell was part of a drive to increase business
and take advantage of a resurgent market by recruiting more field
sales associates.

He said: “We are looking to grow the associate
programme by about one new associate per month and it just seemed
appropriate [Opus Mitchell managing director] Andrew take a share
holding in the business.”

“We are looking to capitalise on potential
green shoots.

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“It is still not easy out there and
you have to work twice as hard as you ever did to get a deal
concluded, but if you have the appropriate calibre of Associates on
board you should still do reasonably well”.

“I still don’t think we are out of the woods
yet but we planning for the future and that’s the reason for the
tie-up.”

Opus Mitchell managing director Andrew
Mitchell stressed the two companies will continue to
operate independently and maintain separate identities.

Mitchell said: “We have investments in a
number of different businesses and are proud to have a stake in
ACF. We are looking forward to helping the business when required
to develop further.”

Grant.collinson@vrlfinancialnews.com