Post by Financial Thing on Jan 7, 2016 11:49:30 GMT
parag I'm considering investing in FE. Since your loan book is still smaller in size, can you tell me how you plan to expand? I suppose I'm mostly concerned a about how FE is financially staying afloat with such a small loan book?
Financial Thing The business was funded by myself until Paratus AMC Ltd. acquired a majority stake in us back in July 2015. Paratus are now funding the entire business and have a balance sheet of around £70m to support this along with strong cash reserves.