Opus Mitchell deepens relationship with Associated
Commercial Finance.
Opus Mitchell, the financial sector recruitment firm, has taken
a 20% stake in asset finance and leasing company Associated
Commercial Finance (ACF).
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ACF is an independent finance
broker providing asset and leasing finance and commercial banking
facilities specialising in the commercial vehicle and construction
sectors.
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.
ACF managing director Simon Rose
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.
Rose said: “We are looking to grow
the associate programme by about one new associate per month.
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By GlobalData“It just seemed appropriate that
[Opus Mitchell managing director] Andrew take a shareholding in the
business.
“We are looking to capitalise on
potential green shoots.
“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 is 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.”
