Secure Trust Bank has moved from the Alternative Investment Market (AIM) to London’s main market.
The firm, which offers finance packages ranging from £500,000 to £30m, is now in a stronger position to offer more funding solutions to UK SMEs, it said.
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Secure Trust Bank first listed on AIM in 2011 in a £102m initial public offering, and has since made a number of strategic acquisitions and diversifications. The group’s market capitalisation has grown to over £400m.
John Bevan, managing director at Secure Trust Bank Commercial Finance, said: “Moving onto the main market is another very important milestone in our development. Secure Trust Bank has grown exponentially over the past few years, and we are proud to have contributed to the group’s success. Since launching in 2014, the Commercial Finance team has created a strong platform to realise its full potential and by working with accountants, brokers and private equity firms we are now in a good position to offer more bespoke funding solutions to our clients.”
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